Caterpillar uses data analytics to differentiate itself from competitors by providing information services.
Answer the following statement true (T) or false (F)
True
More recently, Caterpillar has looked to big data to help it grow its business. In a study of one malfunctioning machine owned by a large mining company, Cat concluded that the new technology of the firm would have reduced repair costs from the 650,000 USD the mining company incurred to 12,000 USD by identifying an emerging problem before it did serious damage. Thus, Cat sees this technology as allowing it to better serve both its customers and dealers, resulting in new sources of income for Cat as customers see value in buying ongoing data-access and software subscriptions.
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In Ransom v. FIA Card Services, Ransom filed for Chapter 13 bankruptcy protection and listed among his living expenses the standard amount allowed in the Bankruptcy Code for car ownership costs. Ransom owned his car outright and had no car payment. FIA challenged the car deduction. The court held that Ransom could
A. take the deduction because denying it would send a message to debtors to take out car loans rather than pay them off. B. take the deduction because he met the means test. C. take the deduction because the statutory language was ambiguous. D. not take the deduction because it was limited to debtors who were required to make loan or lease payments on a car.
When a price is inelastic, a price increase improves all aspects of performance
Indicate whether the statement is true or false
Exhibit 11-03 ? ? On January 1, 2016, Wheeler, Inc purchased some equipment for $3,900. The equipment had an estimated life of five years and an expected residual value of $200. On July, 1, 2018, the equipment was sold for $1,000. Wheeler uses straight-line depreciation. Refer to Exhibit 11-03, what was the balance in the accumulated depreciation account prior to bringing the depreciation
expense up to date before the disposal? A) $1,480 B) $1,850 C) $1,050 D) $3,700
Barley, Inc sold $30,000 of 8% bonds for $40,200. Each $1,000 bond carried eight rights and each right allowed the holder to acquire one share of $10 par stock for $16 a share. After the issuance of the securities, the bonds were quoted at 104 and the rights were quoted at $4 each. Later, one-half of the rights were exercised. At date of exercise, how much should be credited to Additional Paid-in
Capital? A) $1,320 B) $720 C) $600 D) $2,640