A service desk's _______ defines who the service desk supports, what it supports, and how it provides that support.
Fill in the blank(s) with the appropriate word(s).
mission
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Reversing entries simplify the recording of transactions in the next period
Indicate whether the statement is true or false
Recalls are fairly common events for automobile manufacturers. The costs of recalling and repairing a car create internal failure costs external failure costs prevention costs
a. yes yes no b. yes yes yes c. no yes no d. yes no yes
An effective inventory management system will ______.
A. produce reliable demand forecasts and estimates of lead times and inventory costs B. attempt to reprice items such that inventory of finished products is minimized C. use the push system in some seasons and pull system in other seasons to balance demand and supply D. help identify the right markets for its products
The Serenity Corporation distributes $200,000 in cash to its shareholders during 2019. Accumulated earnings and profits are $80,000 as of January 1, 2019. Current earnings and profits for 2019 are $84,000. Jonas, the sole shareholder of Serenity Corporation, has a basis of $48,000 in his stock. What is the tax effect of the distribution for Jonas?
A. Jonas will recognize ordinary income of $164,000 and a capital gain of $36,000. B. Jonas will recognize ordinary income of $84,000, capital gain of $80,000, and a tax-free recovery of capital of $36,000. C. Jonas will recognize ordinary income of $164,000 and a tax-free return of capital of $36,000. D. Jonas will recognize ordinary income of $164,000 and a capital loss of $12,000. E. Jonas will recognize ordinary income of $200,000 and a capital loss of $12,000.