An Activity X has a duration of 5 weeks and is budgeted to cost $12,000. The crash time for this activity is 3 weeks and is expected to cost $32,000. The cost slope for Activity X is given by ______.
a. (32,000 – 12,000) divided by (5 – 3)
b. (5 – 3) divided by (32,000 – 12,000)
c. 32,000 divided by 5
d. 12,000 divided by 3
a. (32,000 – 12,000) divided by (5 – 3)
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Park, Inc purchased merchandise from Jay Zee Music Company on June 5, 2016 . The goods were shipped the same day. The merchandise's selling price was $15,000 . The credit terms were 1/10, n/30 . The shipping terms were FOB shipping point. Park received the merchandise on June 10, 2016 . Park paid the amount due on June 13, 2016. Park uses the periodic inventory system. What effect does recording
the purchase of merchandise on June 5, 2016 have on Park's accounting equation? a. Liabilities and stockholders' equity decrease. b. Liabilities increase and stockholders' equity decreases. c. Assets and liabilities increase. d. Assets and stockholders' equity increase.
A category concept defines the product's attributes and features
Indicate whether the statement is true or false
Claxton Company purchased a van on January 1, 2018, for $820,000. Estimated life of the van was five years, and its estimated residual value was $103,000. Claxton uses the straight-line method of depreciation. At the beginning of 2020, the company revised the total estimated life of the asset from five years to four years. The estimated residual value remained the same as estimated earlier. Calculate the depreciation expense for 2020.
A) $266,600 B) $215,100 C) $107,550 D) $133,300
The financial statements of the parent and the subsidiary are consolidated for all subsidiaries unless control is temporary or does not rest with the majority
Indicate whether the statement is true or false