Mikey has to purchase specialized software that will allow his company to accept credit cards online for purchases from his company's website. This software is a(n) ____ resource for this e-business.
A. financial
B. material
C. intangible
D. human
E. capital
Answer: B
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Which of the following represents one of the purposes of the notes to financial statements?
a. To provide a place for management to justify questionable items in the statements b. To provide comparative ratios for the company's financial data c. To provide the CPA's opinion of the fairness of the financial statements d. To satisfy the need for full disclosure of all the facts relevant to a company's results and financial position
Using the straight-line depreciation method will cause a company to incur ____ tax expense in the early years of an asset's life than they would experience using an accelerated method of depreciation
a. more b. less c. equal d. This cannot be determined from the information given.
A target price is an estimate of a price for a product or service that potential customers will be willing to pay
Indicate whether the statement is true or false
How does adopting a JIT system affect the firm's relationship with suppliers and how must suppliers change their way of doing business?