OSI standards are dominant at the ________
A) data link layer
B) physical layer
C) both A and B
D) neither A nor B
C
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Balance sheet accounts are also known as which of the following?
a. Nominal accounts b. Real accounts c. Temporary accounts d. Closing accounts
The operating income calculated using variable costing and absorption costing amounted to $9800 and $11,000, respectively. There were no beginning inventories. Determine the total fixed manufacturing overhead that will be expensed under variable costing for the year 2016.
Yazzie, Inc. reports the following information for the year ended December 31:
A) $13,000
B) $11,800
C) $28,320
D) $34,220
On January 2, 2016, Karen's Culinary Delights purchased a piece of equipment for $42,000 with a useful life of seven years and a residual value of $6,000. If Karen's used the sum-of-the-years'-digits method with the half-year convention, depreciation expense for 2016 was
A. $9,000.00 B. $10,500.00 C. $5,250.00 D. $4,500.00
Washington Industries Inc. is considering a project that has an initial after-tax outlay or after-tax cost of $350,000. The respective future cash inflows from its five-year project for years 1 through 5 are $75,000 each year
Washington expects an additional cash flow of $50,000 in the fifth year. The firm uses the IRR method and has a hurdle rate of 10%. Will Washington accept the project? A) Washington accepts the project because it has an IRR greater than 10%. B) Washington rejects the project because it has an IRR less than 10%. C) Washington accepts the project because it has an IRR greater than 5%. D) There is not enough information to answer this question.