In a manual accounting information system, cash purchases are generally recorded in the ________.
A) sales journal
B) cash receipts journal
C) cash payments journal
D) purchases journal
C) cash payments journal
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On June 1, Michael Company purchased equipment at a cost of $120,000 that has a depreciable cost of $90,000and an estimated useful life of 3 years or 30,000 hours. Using straight-line depreciation, calculate depreciation expense for the second year
a. $17,500 b. $12,500 c. $30,000 d. $40,000
Firms and industries characterized by heavy fixed capacity costs and lengthy periods required to add new capacity operate under a ___________________________________
Fill in the blank(s) with correct word
Which sentence is expressed correctly?
A) The first step in preparing a public speech is to analyze your audience and topic; the second step is to research, organize, and develop the topic; and the third step is to rehearse the presentation. B) The first step in preparing a public speech is to analyze your audience and topic, the second step is to research, organize, and develop the topic, and the third step is to rehearse the presentation. C) The first step in preparing a public speech is to analyze your audience and topic, the second step is to research, organize, and develop the topic and the third step is to rehearse the presentation.
Master Fabrication Corporation has exclusive control over the market for its product. Under antitrust law, this is
A. a per se violation. B. a violation if it acquired this power through "business judgment." C. a violation if it acquired this power through "anticompetitive means." D. not a violation.