Partial credit is available for a wrong answer if work is

Student Name:

Grade:

Note: Questions #$1-$ #$6$ are worth $4$ point each. Questions $78\mathrm{.}8$ are worth

points. The EXTRA CREDIT problems have their point values listed.

AJ Apples is looking into buying a new apple picking machine. It is expectes

year. Their average tax rate for AJ is $23\%.$ How much after tax revenue will $t$

A$.$ $$15,400$

B$.$ $$4,600$

C$.$ Cannot be determined with the given information

Which one of the following statements is INCORRECT? C$1$

A$.$ A sole proprietorship has a life limited to the life of the owner.

B$.$ Treasurer $-$ oversees the tax manager

C$.$ Principal hires an agent to represent its interests

D$.$ Incentives need to be carefully structured to insure that they achie

E$.$ Stock options can help prevent agency conflict

$($After$-$tax EBIT$)-($Total invested capital $$ Cost of capital$)$ would

A$.$ Free Cash Flow

B$.$ Total Accruals

C$.$ Economic Value Added

D$.$ Market Value Added