Mauve company permits employees to occasionally use the copying machine for personal purposes. the copying machine is located in the office where the higher paid executives work, so they occasionally use the machine. however, the machine is not convenient for use by the lower paid warehouse employees and, thus, they never use the copier. the use of the copy machine may not be excluded from gross income because the benefit is discriminatory. decide this action true (t) or false (f).

Suppose the real risk-free rate and inflation rate are expected to remain at their current levels throughout the foreseeable future. consider all factors that affect the yield curve. then identify which of the following shapes that the u. s. treasury yield curve can take. check all that apply.

Exercise 2-12 cost behavior; high-low method [lo2-3, lo2-4] speedy parcel service operates a fleet of delivery trucks in a large metropolitan area. a careful study by the company’s cost analyst has determined that if a truck is driven 120,000 miles during a year, the average operating cost is 11.6 cents per mile. if a truck is driven only 80,000 miles during a year, the average operating cost increases to 13.6 cents per mile. required: 1.& 2. using the high-low method, estimate the variable and fixed cost elements of the annual cost of truck operation. (round the "variable cost per mile" to 3 decimal places.)

What is considered to be a significant disadvantage of owning