Equipment costing $30,000 with a residual value of $3,000 and an estimated life of eight years has been depreciated using the straight-line method for two years. Assuming a revised estimated total life of five years, the depreciation expense for year 3 would be
a. $3,375.
b. $4,500.
c. $6,750.
d. $5,400.
C
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The trustee for the Bronson Corporation pension sent a report to the CEO with the following information for the fiscal year: Beginning balance of plan assets at fair value$1,560,000 Actual return on plan assets$210,000 Employer's contribution$150,000 Distributions to retirees$75,000 Service cost$125,000 Interest cost$156,000 Loss from changes in benefits or assumptions$35,000 Beginning balance of the PBO$1,580,000 At the beginning of the year, the pension plan is:
A. overfunded by $20,000. B. underfunded by $35,000. C. overfunded by $35,000. D. underfunded by $20,000.
What is the best advice when writing a statement of purpose for a formal report?
A) Write a statement of purpose only for external formal reports. B) Omit limitations to avoid a negative tone. C) Use action verbs that tell what you intend to do. D) Use vague language to allow for flexibility.
Application architecture is used to refer to
a. the organization and configuration of all software solutions into information systems b. the application of the information system to solve business problems c. the architectural structure of the subsystems within a software application d. the relationship between software applications and the areas of the organization that they support
According to Peter Drucker, what are managers who do the right things addressing?
A. Efficiency B. Effectiveness C. Both efficiency and effectiveness D. Customer satisfaction only