A medical office using the double-declining-balance method of depreciation purchased office furniture costing $36,00 . and put it in use on May 1 . The furniture is expected to have a useful life of 10 years and an estimated resale value of $2,400 . Compute the book value at the end of the third year
$19,968
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When a partnership is liquidated, the assets are sold and the cash realized is applied first to the
a. partners' equity accounts. b. claims of creditors. c. partner with the largest investment in the partnership. d. partners according to their ownership interest as indicated by their capital account.
While using the ________ method for setting an advertising budget, a company starts with total revenues, deducts operating expenses and capital outlays, and then devotes some portion of the remaining funds to advertising
A) integrated B) moving-average C) competitive-parity D) percentage-of-sales E) affordable
Answer the following statements true (T) or false (F)
1. Accurate demand planning can result in excess inventories and unwanted capacity. 2. Demand forecasts are rarely accurate in predicting the actual demand that will occur in the future period. 3. A clear picture of market dynamics is difficult to obtain with regard to demand planning. 4. One of the approaches to reduce the inaccuracy of forecasts is through acceleration of the forecasting process to reduce errors. 5. One of the factors for collaborative forecasting is the customers’ buying power.
Which one of the following is not one of the activities on the statement of cash flows?
A) Operating activities B) Investing activities C) Business activities D) Financing activities