The purpose of a check sheet is to quickly understand the primary causes of a particular problem using the 80/20 rule
Indicate whether the statement is true or false
F
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A business segment should be eliminated if the revenue generated by the segment exceeds only its fixed costs.
Answer the following statement true (T) or false (F)
Songtress Company bought a machine on January 1 . 2012 . for $24,000, at which time it had an estimated useful life of eight years, with no residual value. Straight-line depreciation is used for all of Songtress' depreciable assets. On January 1 . 2014, the machine's estimated useful life was determined to be only six years from the acquisition date. Accordingly, the appropriate accounting change
was made in 2014 . Songtress' income tax rate was 40 percent in all the affected years. In Songtress' 2014 financial statements, how much should be reported as the cumulative effect on prior years because of the change in the estimated useful life of the machine? a. $0 b. $1,200 c. $2,000 d. $2,800
When comparing a "pre-tax cost" and an "after-tax cost", which of the following is true?
A) The after-tax cost will be greater than the pretax cost. B) They will be the same amount. C) The pre-tax cost will be greater than the after-tax cost. D) The higher the tax rate, the lower the difference in the amount between them.
Last year the market's return was 7% and Hare Growth earned 9%. This year the market was up and yielded 17%. If Hare Growth's Beta is 1.75, then what is Hare's return this year?
A) 12.25% B) 15.75% C) 17.50% D) 24.50% E) 26.50%