The absolute limit of company demand is the market potential; the two would be equal if the company captured 100 percent of the market
Indicate whether the statement is true or false
TRUE
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If an asset costs $41,000, has a residual value of $3,000, and has a useful life of five years, the entry to record depreciation in the second year using the double-declining-balance method is
A) debit to Depreciation Expense, 9,430; credit to Cash, 9,430. B) debit to Depreciation Expense, 9,840; credit to Accumulated Depreciation, 9,840. C) debit to Depreciation Expense, 10,250; credit to Accumulated Depreciation, 10,250. D) debit to Accumulated Depreciation, 10,660; credit to Depreciation Expense, 10,660.
On a spreadsheet used to prepare the operating activities section of the statement of cash flows, depreciation expense does not require an entry in the Analysis of Changes columns because it is a noncash item.
Answer the following statement true (T) or false (F)
You are faced with a work-related ethical dilemma. In deciding what action to take, you would:
a. Check the company code of ethics to see if the action is prohibited. b. Check legal implications and the company code of ethics, and then decide if the action is personally ethical. c. Check with colleagues to see if they would take the action. d. Check the legal implications and feel free to take the action if it is not illegal.
When a DSS is built, used successfully and integrated into the company's business processes, it was most likely built for a(n)
A) recurrent decision. B) one-off decision. C) unimportant decision. D) ambiguous decision.