Which statement best describes the appropriateness of the following product claim in a sales letter? "Viruscan is the best virus defense product available. It offers the most sophisticated and comprehensive protection for your data."
a. The passage is appropriate, since the receiver will likely assume the comparison is with all others, even though research results are not offered.
b. The passage is appropriate, since it provides vital comparative information while sparing the receiver of unnecessary and boring details.
c. The passage is inappropriate, since the sender has no ethical right to compare his/her product with others.
d. The passage is inappropriate unless it is followed up with facts about the comparison.
D
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Which of the following statements is true?
a. Investments in commercial paper or U.S. Treasury bills must be treated as cash equivalents. b. Investments in stock cannot be treated as cash equivalents because they are not convertible into a known amount of cash. c. Investments which are convertible into a known amount of cash and mature within three months after the balance sheet date are treated as cash equivalents. d. Investments in money market accounts cannot be treated as cash equivalents because they do not have a specific maturity date.
If an asset costs $35,000, has a residual value of $3,000, and has a useful life of five years, the entry to record depreciation in the second year, using the double-declining-balance method, is:
a. Depreciation Expense - Asset 8,050 Cash 8,050 b. Depreciation Expense - Asset 8,400 Accumulated Depreciation - Asset 8,400 c. Depreciation Expense - Asset 8,750 Accumulated Depreciation - Asset 8,750 d. Accumulated Depreciation - Asset 9,100 Depreciation Expense - Asset 9,100
Explain how various states differ in their encouragement of the use of ADR methods
What will be an ideal response?
Match each of the following terms a through j with the appropriate definitions 1 through 10.(a) Cost object(b) Activity(c) Facility-level activities(d) Activity-based costing(e) Batch level activities(f) Activity-based management(g) Pool rate(h) Activity cost driver(i) Value-added activities(j) Cost pool_____ (1) Actions which add value to a product._____ (2) Actions which cause costs to be incurred._____ (3) A collection of costs that are related to the same or similar activity._____ (4) An outgrowth of ABC that uses the link between activities and costs._____ (5) The target of a cost assignment._____ (6) Activities performed only on groups of units._____ (7) Factor that drives cost._____ (8) An allocation rate used to assign overhead costs to cost objects._____ (9) A cost allocation
method that focuses on activities performed. _____(10) Activities performed to sustain facility capacity as a whole. What will be an ideal response?