The main reason a firm would establish a firewall for its intranet is that it wants to
A. prevent employees from gaining access to the Internet for personal use.
B. prevent outsiders from being able to access information on its network.
C. create an interface to hook into Internet2 using firewire connections.
D. protect itself against loss of data in the event of a fire, flood, or other catastrophe.
Answer: B
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Margaret Company purchased equipment on January 1, 2014, for $500,000. At the date of acquisition, the equipment had an estimated useful life of eight years with a $50,000 salvage value, and it was depreciated using the straight-line method. On January 1, 2019, based on updated information, Margaret decided that the equipment had a total estimated life of ten years and no salvage value. What is
the amount of depreciation expense on the equipment in 2019? A) $56,250 B) $45,000 C) $21,875 D) $43,750
In applying the first-in, first-out method of costing inventories, if 8,000 units which are 30% completed are in process at June 1, 28,000 units are completed during June, and 4,000 units were 80% completed at June 30, the number of equivalent units of production for June was 28,600
Indicate whether the statement is true or false
A cost is sunk if it
a. has already been incurred. b. is irrelevant to the decision. c. an incremental cost. d. is not an incremental cost.
MegaCorp occasionally sells products in Michigan. It does not have an office in that state and does not advertise in Michigan. The company's marketing representatives are based in New York but do travel to Michigan once a year to attend a trade show. Which statement is correct?
a. MegaCorp must register in Michigan because its sales representatives attend a trade show in Michigan. b. MegaCorp is not required to register in Michigan because it does not have an ongoing presence in Michigan. c. MegaCorp must register in Michigan because its actions qualify as doing business. d. Whether MegaCorp has to register in Michigan depends on where its shareholders reside.