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Question -
Q1. The world-famous discounter, Fernwood Booksellers, specializes in selling paperbacks for $7 each. The variable cost per book is $5. At current annual sales of 200,000 books, the publisher is just breaking even. It is estimated that if the authors' royalties are reduced, the variable cost per book will drop by $1. Assume authors' royalties are reduced and sales remain constant; how much more money can the publisher put into advertising (a ?xed cost) and still break even?
a. $333,333
b. $600,000
c. $200,000
d. $466,667
e. None of these
Q2. If a leased asset has a negative residual value, for example, as a result of a statutory requirement to dispose of an asset in an environmentally sound manner, the lessee of the asset could reasonably expect to pay a lower lease rate because the asset does not have a positive residual value.
a. True
b. False
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14% and the CCA rates on the building and the machine are 7.5% and 15%, respectively, then should Adhesion implement the expansion plan?
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