Question 46
A company that does business in two neighboring countries is considering setting different prices for its product in each market. Which of the following factors should it NOT consider when trying to predict whether this pricing structure will be effective?
Question 47
A company paid $150,000 of income tax for 2013. During the year, the company recognized $80,000 of interest revenue from municipal bonds. Income from municipal bonds are tax exempt. The company's net deferred tax assets increased from $45,000 to $75,000. The income tax rate is 30 percent. What is the amount the company should report as its pretax accounting income for 2013?
Question 48
Analysts at a technology company predict that the company will be able to increase the price for its new product after it has been on the market for one year. Which of the following conditions would BEST explain this prediction?
Question 49
A company bought a piece of land in 2012 for $200,000. In 2013, the piece of land temporarily reduced in value to $150,000 but then appreciated in value to $220,000. How would the company report this piece of land on its balance sheet for 2013?
Question 50
Exhibit: Based on the histogram below of 28 nations' performances in the Winter Olympic games, in which bin would the median be located?