Para computer ethics is the exposure to stories and reports found in the popular media regarding the good or bad ramifications of computer technology
Indicate whether the statement is true or false
F
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The general ledger is sometimes called the book of original entry because it is the accounting record where transactions are first recorded
a. True b. False Indicate whether the statement is true or false
The net assets of a company are equal to
a. current assets less current liabilities. b. total assets less current assets. c. long-term assets less accumulated depreciation. d. the stockholders' equity.
When actual capacity exceeds expected capacity, the result is a(n)
a. favorable fixed overhead volume variance. b. favorable materials quantity variance. c. unfavorable overhead variance. d. unfavorable materials quantity variance.
Memphis Co is considering purchasing a machine for $83,200 that will increase cash inflows by $40,000 in the first year, $30,000 the second year, and $25,000 the third year. The machine will have no residual value. The minimum rate of return is 10 percent. The present value factors, at 10 percent, for the three years are 0.909, 0.826, and 0.751, respectively. Using the above information for
Memphis, the machine's actual rate of return is A) negative. B) greater than 10 percent. C) less than 10 percent. D) 10 percent.