Which of the following best describes Data Services?
A) Help repair and restore databases
B) Make cloud database data and resources available to applications
C) Let you know precisely where the database is located
D) Provides security for databases
B
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In a periodic inventory system, costs of goods sold are computed through an adjustment process at the end of the period
a. True b. False Indicate whether the statement is true or false
Materiality deals with the size of an error in accounting information
a. True b. False Indicate whether the statement is true or false
Royal Company purchased a dump truck at the beginning of 2014 at a cost of $60,000 . The truck had an estimated life of 6 years and an estimated residual value of $24,000 . On January 1, 2016, the company made major repairs of $20,000 to the truck that extended the life 1 year. Thus, starting with 2016, the truck has a remaining life of 5 years and a new salvage value of $8,000 . Royal uses the
straight-line depreciation method. What amount should be recorded as depreciation expense each year starting in 2016? a. $6,000 b. $12,000 c. $13,600 d. $14,400
A company has developed a new cell phone that will be targeted at developing countries. It is estimated that the demand for the new product will initially be slow but would accelerate gradually as the product becomes increasingly familiar to worldwide consumers. In order to determine the number of workers necessary to staff the new production facilities, the company needs to conduct a(n)
A. demand forecast. B. inventory calculation. C. utilization survey. D. market search. E. recruitment drive.