If the parties to a case are from different states, there is more than $75,000 in dispute, and federal law is involved, the case may be heard in either federal or state court
a. True
b. False
Indicate whether the statement is true or false
True
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Chavez Company is considering purchasing new equipment or overhauling its existing equipment. The manager has gathered the following information:
Required:1) Identify the sunk costs associated with this decision.2) Compute the increase or decrease in total income over the five-year period if the company chooses to buy the new equipment.3) Compute the increase or decrease in total income over the five-year period if the company chooses to overhaul its existing machinery.4) What is your recommendation for this decision?
What will be an ideal response?
Which of the following is least effective while searching for anomalies?
a. Comparing account balances in the statements from one period to the next. b. Calculating key ratios and comparing them from one period to the next. c. Performing horizontal analysis. d. Performing vertical analysis.
Health Savings Accounts must be combined with a high-deductible health insurance policy
Indicate whether the statement is true or false.
According to a National Highway Traffic Safety Administration study, distracted driving accounts for __________ of all accidents.
A. 25 percent B. 50 percent C. 60 percent D. 80 percent