The doctrine of fair use started in case law in the early 1850s and has been evolving ever since to cover technological changes
Indicate whether the statement is true or false
False
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Minimizing period-by-period increases in unit variable costs and total fixed costs defines efforts of cost
a. reduction. b. control. c. containment. d. avoidance.
Ursus, Inc., is considering a project that would have a ten-year life and would require a $1,000,000 investment in equipment. At the end of ten years, the project would terminate and the equipment would have no salvage value. The project would provide net operating income each year as follows (Ignore income taxes.): Sales $2,000,000 Variable expenses 1,400,000 Contribution margin 600,000 Fixed expenses: Fixed out-of-pocket cash expenses$300,000 Depreciation 100,000 400,000 Net operating income $200,000 All of the above items, except for depreciation, represent cash flows. The company's required rate of return is 12%.See separate Exhibit 13B-1 and Exhibit 13B-2, to determine the appropriate discount factor(s) using the tables
provided.Required:a. Compute the project's net present value.b. Compute the project's internal rate of return to the nearest whole percent.c. Compute the project's payback period.d. Compute the project's simple rate of return. What will be an ideal response?
Well-known port 135 is used for the Microsoft Distributed Computing Environment locator service for Remote Service Management
Indicate whether the statement is true or false
Which of the following is true of an auditor of a corporation?
A. The auditor must be an independent certified public accountant. B. The auditor cannot use information about the corporation from third parties. C. The auditor cannot inspect the corporation's real property unless he or she is closely associated with the company. D. The auditor must provide a qualified opinion wherever possible, since it helps the company in its business practices.