Freight paid on goods shipped to customers is classified as a selling expense
Indicate whether the statement is true or false
T
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In a single-channel, single-phase system, reducing the service time only reduces the total amount of time spent in the system, not the time spent in the queue
Indicate whether the statement is true or false
Traditionally, the chief difference between an agent and a servant (employee) was that the:
a. servant was generally not employed to represent a principal in business dealings b. servant was usually allowed more personal discretion in deciding how to accomplish a certain objective c. agent was not controlled by the principal d. servant acted on behalf of the master in contractual matters involving third parties e. none of the other choices
OverRoads Van Lines purchased an over-the-road tractor for $181,880. Use MACRS and Tables 17-1 and 17-2 from your text to find the book value at the end of year 3. (Round to the nearest dollar)