Answer the following statements true (T) or false (F)
Economic profit is sometimes referred to as abnormal earnings.
ANSWER: F
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When bonds are sold for less than the face amount, this means that the
a. maturity value will be less than the face amount. b. maturity value will be greater than the face amount. c. bonds are sold at a premium. d. face rate of interest is less than the market rate of interest.
Which of the following sets of factors is needed to calculate depreciation on plant and equipment?
a. The asset's acquisition cost, replacement cost, and its estimated residual value b. The estimated residual value of the asset, its replacement cost, and its market value c. The asset's replacement cost, its estimated life, and its estimated residual value d. The estimated life of the asset, its acquisition cost, and its estimated residual value
A lockbox is a mailbox type of depository device that is located in front of the client's premises, allowing customers to remit payment in a timely manner
a. True b. False Indicate whether the statement is true or false
Which of the following statements is true of the goals set under the management-by-objectives (MBO) system of performance appraisal?
A. They are qualitative and difficult to measure. B. They are almost always written down. C. They are subjective in nature. D. They are the same as the objectives of the organization.