The cost equation, y = $500 + $5.40x, x represents:
A) variable cost.
B) step cost.
C) units produced.
D) mixed cost.
C
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Explain the benefits and risks associated with enterprise resource planning systems.
What will be an ideal response?
The demand for services is usually easier to predict than the demand for goods
Indicate whether the statement is true or false
On January 1, Year 1, Friedman Company purchased a truck that cost $33,000. The truck had an expected useful life of 100,000 miles over 8 years and an $7000 salvage value. During Year 2, Friedman drove the truck 34,000 miles. The amount of depreciation expense recognized in Year 2 assuming that Friedman uses the units-of-production method is: (Do not round intermediate calculations.)
A. $3250. B. $8840. C. $11,220. D. $4125.
A class of stock that can usually be issued at any price without creating a minimum legal capital deficiency is called:
A) Convertible stock. B) No-par stock. C) Callable stock. D) Noncumulative stock. E) Discounted stock.