A major control procedure related to plant and equipment is a budget for acquisitions and disposition.
Answer the following statement true (T) or false (F)
True
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The total cost for each time unit of a project is the sum of labor, materials, and equipment.
Answer the following statement true (T) or false (F)
Consider an association between a Pet Owners class and a Pets class in a Unified Modeling Language (UML) Class diagram. The multiplicities next to the Pet Owners class are 1..1 and the multiplicities next to the Pets class are 1..*. Which of the following is the best way to implement that association in your database?
A. Post the primary key of Pets as a foreign key in Pet Owners. B. Post the primary key of Pet Owners as a foreign key in Pets. C. Create a linking table. D. None of the options are correct.
Which of the following is a measure for discouraging theft for a retail store that accepts cash receipts over the counter?
A) A receipt is issued for each transaction to ensure that each sale is recorded. B) At the end of the day, the sales clerk proves the cash by comparing the cash in the drawer against the machine's record of cash sales. C) The sales clerk uses the machine tape to record the journal entry for cash receipts and sales revenue. D) The store clerk deposits the cash in the bank.
In October, the CEO of Saguaro, Inc. signs a note for $90,000 in order to buy new equipment. The note is due in five years, at 8% annual interest. Semiannual interest payments are due each April and October. Assuming no other long-term debt, what is the initial balance in the related long-term debt account?
A. $97,200 B. $90,000 C. $82,800 D. $93,600