After a certain point, no further learning occurs, and each subsequent repetition or unit produced take the same amount of time, and the system has reached a steady state. This is illustrated by the ______ of the learning curve.
A. steep increase
B. steep decrease
C. flattening
D. smoothing
C. flattening
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The owner is only allowed to withdraw cash from the business
Indicate whether the statement is true or false
On April 1, 2015, due to obsolescence resulting from a new technology, a company discarded a computer that cost $5,000, had a useful life of 4 years, and a salvage value of $400. Based on straight-line depreciation, the accumulated depreciation as of December 31, 2014 was $3,450. a. Prepare the journal entry to record depreciation up to the date of disposal of the computer.b. Prepare the journal entry to record the disposal of the computer.
What will be an ideal response?
Which of the following statements is true regarding the traditional income statement?
A) Sales revenue is based on the units produced rather than the units sold. B) It will include a subtotal called contribution margin. C) It will group costs into categories based on their behavior (fixed or variable). D) It is required for external reporting purposes.
Answer the following statement(s) true (T) or false (F)
21. The starting point of any organization is a vision. 22. The environment of an organization is made up of all external factors that have the potential to affect the organization. 23. An organization’s environment is all the factors inside the organization that have the potential to affect it. 24. The environment can be classified into two categories, known as general and basic environments. 25. Environmental uncertainty is the main reason why enacting and defining the environment is so difficult.