Kittery Services, Inc. purchased computers that are to be used in its consultancy services. Based on the matching principle, the related account that should appear on the income statement for the year ended December 31, 2016 is ________
A) Depreciation Expense
B) Service Revenue
C) Accumulated Depreciation
D) Equipment Expense
A
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________ are the form human needs take as they are shaped by culture and individual personality
A) Wants B) Necessities C) Services D) Benefits E) Risks
Which of the following is not one of the supreme laws of the U.S.?
a. a treaty of the United States b. a statute of a state c. a constitutional amendment d. a statute of the United States
TexMex Food Company is considering a new salsa whose data are shown below. The equipment to be used would be depreciated by the straight-line method over its 3-year life and would have a zero salvage value, and no change in net operating working capital would be required. Revenues and other operating costs are expected to be constant over the project's 3-year life. However, this project would compete with other TexMex products and would reduce their pre-tax annual cash flows. What is the project's NPV? (Hint: Cash flows are constant in Years 1-3.) Do not round the intermediate calculations and round the final answer to the nearest whole number. ? WACC10.0% Pre-tax cash flow reduction for other products (cannibalization)-$5,000 Investment cost (depreciable basis)$80,000 Straight-line
depr. rate33.333% Annual sales revenues$66,000 Annual operating costs (excl. depr.)-$25,000 Tax rate35.0% ? A. 01,529 B. 01,094 C. 01,403 D. 01,347 E. 01,684
Yolanda is trying to decide how to diversify her company so that it produces a larger variety of products and competes in new markets. This is a(n) example of a ________ decision.
A. routine B. noncognitive C. cognitive D. programmed E. nonprogrammed