SDSL stands for ________
A) Symmetric Digital Subscriber Line
B) Sonar Device Service Line
C) Solar Data Service Line
D) System Digital Symmetrical Line
A
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Fenchurch Corp uses the direct write-off method to account for bad debts. What are the effects on the accounting equation of the entry to record the write-off of a customer's account balance?
a. Assets and liabilities decrease. b. Assets and owners' equity decrease. c. Owners' equity decrease and liabilities increase. d. No effect; assets increase and decrease by the same amount.
In a recent study, the population of the affluent households was defined in four different ways: 1. households with income of $50,000 or more; 2. the top 20 percent of households, as measured by income;
3 . households with net worth over $250,000; and 4. households with spendable discretionary income 30 percent higher than that of comparable households. The number and characteristics of the affluent households varied depending upon the definition, underscoring the need to avoid ________. A) sampling frame error B) respondent selection error C) measurement error D) population definition error
Jeong Company incurs both fixed and variable production costs. Assuming that production is within the relevant range, if volume goes up by 20%, then the total costs would ________.
A) increase by 20% B) remain the same C) increase by an amount less than 20% D) decrease by 20%
The state of Illinois has passed a law requiring that every automobile be inspected at least once a year for pollution control. Anfang Enterprises is considering entering into this type of business. After extensive studies, Joseph Anfang has developed the following set of projected annual data on which to make his decision: Direct service labor $363,000.00 Variable service overhead costs
270,000.00 Fixed service overhead costs 280,000.00 Marketing expenses 120,000.00 General and administrative expenses 170,000.00 Minimum profit 90,000.00 Cost of assets employed 500,000.00 Anfang believes that his company will inspect 100,000 automobiles per year. The company earns an average of 18.75 percent return on its assets. The projected cost for inspecting each automobile would be a. $11.13. b. $12.03. c. $12.93. d. $10.03.