A person has gotten a new job with a much higher salary. He plans to spend his extra money on a new car and a great stereo system for his apartment. Which statement best describes the tax situation this person will likely face in

the next year?

A. He will pay more in both property tax and income tax.

B. He will pay more in sales tax but less in income tax.

C. He will pay more in both income tax and sales tax.

D. He will pay more in income tax but less in property tax.

In order to minimize project risk which step comes after the step of identifying risks

Afirm wants to strengthen its financial position. which of the following actions would increase its current ratio? a. reduce the company's days' sales outstanding to the industry average and use the resulting cash savings to purchase plant and equipment.b. use cash to repurchase some of the company's own stock.c. borrow using short-term debt and use the proceeds to repay debt that has a maturity of more than one year.d. issue new stock, then use some of the proceeds to purchase additional inventory and hold the remainder as cash.e. use cash to increase inventory holdings.

Which of the following best explains why large companies pay less for goods from wholesalers? a. large companies are able to pay for the goods they purchase in cash. b. large companies are able to increase the efficiency of wholesale production. c. large companies can buy all or most of a wholesaler's stock. d. large companies have better-paid employees who are better negotiators.