Which of the following is false about federal court?
A) There is no dollar amount limit on matters heard.
B) Federal court can hear a case about a federal statute.
C) There is an intermediate federal appellate court.
D) All federal courts have standing to hear all state law questions.
D
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A fixed asset with a cost of $41,000 and accumulated depreciation of $36,500 is traded for a similar asset priced at$60,000 . Assuming a trade-in allowance of $3,000, the recognized loss on the trade is
a. $3,000 b. $4,500 c. $500 d. $1,500
Bad Debts expense is debited and Accounts Receivable is credited at the end of the period to recognize bad debts under the allowance method
a. True b. False Indicate whether the statement is true or false
Sam Doharty, a purchasing manager in Willard Groups of Companies, is currently working with engineers and consultants to define the items to be purchased
Additionally, Sam and his team are ranking the importance of reliability, durability, and price desired in the items. In other words, they are preparing a(n) ________. A) decision tree B) supplier list C) product proposal D) order-routine specification E) general need description
Share and Care International is trying to determine how many clients must be serviced in order to cover its monthly service overhead. Using the high-low method, it has determined that the variable cost per client is $800 and that the monthly fixed overhead is $28,000. Assuming an average fee of $1,200 per client, the breakeven point per month is
A) 35 clients. B) 80 clients. C) 70 clients. D) 55 clients.