CryptoLocker is an example of ransomware
Indicate whether the statement is true or false
TRUE
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Managers are typically faced with all of the following primary choices and estimates when allocating acquisition costs of tangible assets and intangible assets to the periods benefited except:
a. choosing an allocation method b. estimating useful life c. estimating salvage value d. establishing a reserve for obsolescence
In which of the following cases would the gross profit method most likely be used?
a. In a company with good accounting records b. In applying the average-cost method c. In estimating the market value of inventory for application of the lower-of-cost-or-market rule d. In estimating an inventory loss from fire
Imagine that you have a new, tested invention that will require a million dollars in order to produce enough of the product to return a profit. What considerations should you review before approaching a venture capitalist?
What will be an ideal response?
Simpson, Inc. is considering a five-year project that has an initial outlay or cost of $80,000
The respective future cash inflows from its project for years 1, 2, 3, 4 and 5 are: $15,000, $25,000, $35,000, $45,000, and $55,000. Simpson uses the internal rate of return method to evaluate projects. What is the project's IRR? A) The IRR is less than 22.50%. B) The IRR is about 24.16%. C) The IRR is about 26.16%. D) The IRR is over 26.50%.