Answer the following statement(s) true (T) or false (F)
1. Businesses can utilize computers effectively only in the areas of record keeping and inventory control.
2. Spreadsheets are wonderful for asking “what if?” questions.
3. Lotus Notes is a collaboration tool that enables workers who are dispersed to work together in real time on documents and projects.
4. The only problem that firms utilizing very public networks (VPN) encounter is the threat of invasion of privacy.
5. Enterprise resource planning (ERP) systems are very complex, very expensive, and often require a change in organizational culture.
1. FALSE
2. TRUE
3. TRUE
4. FALSE
5. TRUE
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The ____________________ method of depreciation spreads the depreciable cost of an asset equally over the years of the asset's useful life
Fill in the blank(s) with correct word
If your bank offers a 5% annual rate of return compounded annually, then at the end of one year your $1,000.00 deposit would grow by $50.00 to $1,050.00
However, in the second year, your deposit would increase by $52.5025 to a total ending value of $1,102.50. Explain why the second year earns more interest on the investment than the first year. What will be an ideal response?
Consumer leases are treated no differently than business leases under the UCC
Indicate whether the statement is true or false
X owns an easement in Y's property that permits X to operate his factory so that polluted air can travel over Y's property. X's easement is an example of: A) A negative easement
B) An affirmative easement. C) A profit.