When using a random number generator, one should never start in the middle of the table of random numbers
Indicate whether the statement is true or false
FALSE
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Mark Industries uses the straight-line depreciation method. One asset had been purchased for $11,000. Annual depreciation expense was $2,000 after considering residual value of $1,000. What was the estimated useful life of the asset?
A) 5.50 years B) 5.00 years C) 10.00 years D) 11.00 years
Banister Company wishes to issue $600,000 of 10-year, 7% bonds, with interest paid annually at the end of the year. The market rate of interest is currently 5%. What information is needed in order to determine the issue price of the bond?
A) The market rate of interest, the stated rate of interest, the bond rating, and the bond life. B) The face value of the bonds, the stated rate of interest, the market rate of interest, and the bond life. C) The life of the bonds, the market rate of interest, the bond rating, and the face value of the bonds. D) The face value of the bonds, the market rate of interest, the purpose of the issue, and the bond life.
In Kotter’s change process,
a. all stages must be worked through in order b. only relevant stages need to be applied to the change process c. stages do not overlap d. stages can be skipped in the interest of completing on time
A gratuitous agent:
a. is a paid agent. b. is subject to the same duty of loyalty as other agents. c. has no duty of diligence. d. need not be reimbursed for her expenses.