The cash flow statement of the United Company is in process for 2019. The United Company is reporting the following balances: 12/31/18 12/31/19 Equipment$100,000 $170,000 Loss on sale of equipment 0 10,000 Accumulated depreciation-equipment 75,000 95,000 During 2019, United sold equipment costing $30,000 for $12,000 and made several purchases of new equipment for cash.Depreciation expense for 2019 is:
A. $ 18,000.
B. $ 20,000.
C. $ 28,000.
D. $ 8,000.
Answer: C
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Supply costs at Coulthard Corporation's chain of gyms are listed below: Client-Visits Supply CostMarch12,855 $23,598April12,283 $23,278May13,104 $23,742June12,850 $23,607July12,493 $23,415August12,794 $23,562September12,686 $23,496October12,765 $23,541November13,018 $23,687Management believes that supply cost is a mixed cost that depends on client-visits. Use the high-low method to estimate the variable and fixed components of this cost. Compute the variable component first, rounding off to the nearest whole cent. Then compute the fixed component, rounding off to the nearest whole dollar. Those estimates are closest to: (Round your intermediate calculations to 2 decimal places.)
A. $0.55 per client-visit; $16,579 per month B. $0.57 per client-visit; $16,273 per month C. $1.85 per client-visit; $23,547 per month D. $1.77 per client-visit; $557 per month
Which of the following statements about are perceptual benefits conveyed by a product's packaging and labeling is NOT true?
A. Global brands can benefit from country of origin or manufacturer perceptions since consumers tend to hold ethnocentric stereotypes about country-product pairings that they judge best. B. Packaging and labeling have been shown to enhance brand recognition and facilitate the formation of strong, favorable, and unique brand associations. C. Changes in packaging and labeling can uphold a brand's image in consumers' minds. D. The color, shape, and graphics of a package or label distinguish one brand from another. E. Package inserts are the primary way the legal requirements for the conveyance of information are satisfied.
A person with voidable title has power to transfer valid title for value to a good faith purchaser
Indicate whether the statement is true or false
Which of the following statements is false?
A) People with a small amount of assets do not typically need a will. B) A parent can use a will to appoint a guardian for his/her children. C) A valid will can minimize probate problems. D) A legally enforceable will must be made when a person is of sound mind.