A company purchased a computer on July 1, 2019 for $50,000. The estimated useful life of the computer was five years, and it has no residual value. Which of the following methods should be used to best match its expense against the revenue it produces?
A) the units-of-production method
B) the straight-line method
C) the double-declining-balance method
D) the first-in, first-out method
C) the double-declining-balance method
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Which of the following is a potential problem with the objective/task method of setting a budget?
A. It assumes that marketing activities result from demand. B. It is rarely used by major advertisers and is therefore unfamiliar and alienating to consumers. C. It assumes a static external environment and renders marketing strategies inflexible. D. It does not permit the quick and ready measurement of the success of an ad campaign. E. It requires determining in advance the amount of money needed to reach a specific goal.
On January 1, Year 1, Scott Company purchased a new machine for $220,000. The machine is expected to have an eight-year life and a $20,000 salvage value. The machine is expected to produce 800,000 finished products during its eight-year life. Production during Year 1 was 70,000 units and during Year 2 was 110,000 units.Required: Determine the amount of depreciation expense to be recorded on the machine for Year 1 and Year 2, respectively, using each of the following methods:1) Straight-line2) Units-of-production3) Double-declining-balance
What will be an ideal response?
Disturbing signs of growing unrest and totalitarian tendencies continue to be seen in many _________________ states
Fill in the blank(s) with the appropriate word(s).
According to Bormann's "method of residues," potential candidates for emergent leaders are likely to remain in the running for leadership if they
A. are dogmatic. B. exhibit annoying behaviors. C. are flexible. D. are very quiet.