Criminal negligence is not a basis for prosecution for crimes; there must be intent, not negligence, in the commission of a crime
a. True
b. False
Indicate whether the statement is true or false
False
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Brockmeyer, Inc. purchased some equipment on January 1, 2016, for $300,000 that had a five-year useful life and no salvage value. Brockmeyer used double-declining-balance depreciation for both financial reporting and income tax purposes. On January 1, 2018, Brockmeyer changed to the straight-line depreciation method for this equipment and can justify the change. Brockmeyer will continue to use double-declining balance depreciation for income tax reporting. Brockmeyer's income tax rate is 30%. Assuming Brockmeyer's 2018 income before depreciation and tax is $800,000, what is the amount of Brockmeyer's net income for 2018?
A. $534,800 B. $570,800 C. $764,000 D. $800,000
A request for proposal (RFP) is sometimes called a ______.
A. request for pricing B. request for quotation C. request for information D. request for invoice
In a manufacturing company, the salary of the sales staff is an example of period cost
Indicate whether the statement is true or false
When graphing the EOQ, which of the following statements is false?
A. Average inventory on hand results in higher holding costs. B. As order size increases, so does average inventory on hand. C. Holding costs are a downward sloping line to the right. D. The EOQ is represented by the minimum total cost. E. Ordering costs are a downward sloping line to the right.