Employees who are paid the same amount on a weekly basis regardless of the number of hours worked are on a:
a. commission system
b. piecework system
c. salary system
d. wage system
e. gain sharing system
c. salary system
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Z Company purchased an asset for $24,000 on January 1, Year 1. The asset was expected to have a four-year life and a $4,000 salvage value. What is the amount of depreciation expense for Year 1 using the double-declining-balance method?
A. $6,000 B. $2,000 C. $12,000 D. $3,000
When a firm uses debt financing, the organization providing financing receives an ownership share in the company.
Answer the following statement true (T) or false (F)
The cost of equity? 1. is less than the cost of debt2. is greater than the cost of debt3. depends on the riskiness of the firm4. depends on the firm's current ratio
A. ?1 and 3 B. 1 and 4? C. 2 and 3? D. 2 and 4?