On January 1, a machine with a useful life of five years and a residual value of $3,000 is purchased for $15,000 . What is the depreciation expense in year 3 under straight-line depreciation?
a. $3,000
b. $2,400
c. $7,200
d. $9,000
B
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Suppose you are an American donut company that has decided to launch a donut bakery and café in Shanghai, China. The company grosses US$25 million per year from donut and café sales, US$5 million of which is attributed to its bakery-cafés in Australia and New Zealand. Create an executive summary to convince a Chinese venture capitalist to invest in this project.
What will be an ideal response?
Capital budgeting is the process of analyzing alternative long-term investments and deciding which assets to acquire or sell.
Answer the following statement true (T) or false (F)
Communist and socialist unions have not always supported collective bargaining because it is believe that signing a contract:
A. Limits worker freedom and legitimizes capitalism B. Gives too much power to management C. Is useless because they are not enforceable in court D. Creates a false sense of security for workers and deters them from a socialist agenda
The National Cooperative Research Act was passed to facilitate the use of joint ventures for joint research and development
a. True b. False Indicate whether the statement is true or false