Quiz Questions for Chapter 9 1. A truck was purchased for $25‚000. It has a six-year life and a $4‚000 salvage value. Using straight-line depreciation‚ what is the asset’s carrying value (book value) after 2 1/2 years? a. $8‚750. b. $12‚250. c. $14‚583. d. $16‚250. 2. On January 1‚ 2003‚ Superior Landscaping Company paid $17‚000 to buy a stump grinder. If Superior uses the grinder to remove 2‚500 stumps per year‚ it would have an estimated useful life of 10 years and a salvage value
Premium Depreciation Generally Accepted Accounting Principles Cash flow statement
International Business‚ 13e (Global Edition) (Daniels/Radebaugh/Sullivan) Chapter 4 The Economic Environment 1) The recent global economic crisis has led to which of the following? A) governments seeking to impose more constraints on capitalism B) governments seeking to eliminate constraints on capitalism C) governments seeking to increase the interdependence of developing economies D) governments seeking to eliminate the interdependence of developing economies 2) Income‚ purchasing
Premium Mixed economy Economic system Planned economy
CHAPTER 1 The Changing Role of Managerial Accounting in a Dynamic Business Environment ANSWERS to Review Questions 1-1 The explosion in e-commerce will affect managerial accounting in significant ways. One effect will be a drastic reduction in paper work. Millions of transactions between businesses will be conducted electronically with no hard-copy documentation. Along with this method of communicating for business transactions comes the very significant issue of information security. Businesses
Premium Management accounting
PROFESSIONAL EDUCATION MCA (Pursuing) [2008-11] from L. N. Mishra College of Business Management‚ Muzaffarpur Condensed Diploma in Hardware & Networking from Govt. Polytechnic College‚ Muzaffarpur TECHNICAL EDUCATION Advance Diploma in Computer Application from Impact Computer Center‚ Muzaffarpur EDUCATION B. A. (Hons.) [Sociology] Niteshwar Singh College‚ Muzaffarpur B. R. A. Bihar University‚ Muzaffarpur I. Sc. (Math) from Langat Singh College‚ Muzaffarpur Bihar Intermediate Education Council‚ Patna Matriculation
Premium Bihar Computer software Leadership
1. Archaeologists call the earliest Americans: a. Indios. b. Paleo-Indians. c. Native Americans. d. Siberians. 2. Which group dominated Mexico from 900 to 1100 A.D.? a. the Aztecs b. the Toltecs c. the Mayans d. the Olmecs 3. In the fourteenth century‚ Europeans were most familiar with the _________ part of Africa. a. southern b. western c. northern d. eastern 4. Slave status in Africa was: a. generally permanent. b. transferred from parent to child. c. not necessarily
Premium Slavery Atlantic slave trade Colonialism
ABBE 1013 MICROECONOMICS TUTORIAL 5 SECTION A: MULTIPLE-CHOICE QUESTIONS 1. If an increase in income results in an increase in the demand for chicken‚ then chicken is a/ an ___________________________. A. neutral good B. luxury good C. normal good D. inferior good 2. Two goods are complements if the ____________________. A. cross elasticity of demand is negative B. income elasticity of demand is negative C. cross elasticity of demand is positive
Premium Supply and demand Price elasticity of demand Elasticity
cleaned and shipped to the firm’s outlet center at a cost of $23‚000. There the goods could be sold for $80‚000. What alternative is more desirable and what is the relevant cost for that alternative? A. Sell "as is‚" $125‚000. B. Clean and ship to outlet center‚ $23‚000. C. Clean and ship to outlet center‚ $103‚000. D. Clean and ship to outlet center‚ $148‚000. E. Neither alternative is desirable‚ as both produce a loss for the firm. Value gained if goods sold the goods “as is” = $45‚000 Value gained
Premium Costs Variable cost Management accounting
BA 213 - Test#1 Review Instructor: Usha Ramanujam Dear Students‚ I have indicated answers to the test review questions in BOLD. You can highlight the entire review and remove the bold feature before you start working on these questions and then verify the answers. Also‚ detailed solutions are given for q.38 and q.40 /Usha 1. Thread used in the production of mattresses‚ an indirect material‚ is classified as manufacturing overhead. TRUE/ False 2. Prime cost and conversion
Premium Management Education Educational psychology
INSTRUCTION: ANSWER ALL QUESTIONS TIME:1HR PAPER 1 1. Air contain (a) 32% Oxygen (b) 31% oxygen (d) 16% Oxygen (e) 21% Oxygen 2. In 1803‚ the law of mass relationships was formulated by (a) F. Wohler (b) Albert Einst (c) None of the above 3. _______ is attributed with the synthesis of urea (a) Friedrich Wohler (b) Dmitri Mendeleev (c) Albert Einstein 4. ______ revived the helicocentric model of the solar system (a) Aristarchus of Samos (b) Isaac Newton 5. The theory of
Premium Culture Oxygen The Culture
Chapter 5 Quiz Bank 1. An auditor is performing an analytical procedure that involves developing common-size financial statements. This technique is referred to as: a. Vertical Analysis 2. Assertions that have a meaningful bearing on whether an account balance‚ transaction class or disclosure is fairly stated are referred to as: a. Relevant assertions 3. In obtaining sufficient appropriate audit evidence‚ the work of which type or types of specialists may be relied upon a. Client engaged and
Premium Auditing Financial audit Audit