A secondary-use package is defined as one that

A. can be used as a promotional tool.
B. can be reused for purposes other than its initial use.
C. facilitates transportation, storage, and handling for middlemen.
D. is recyclable and environmentally safe.
E. promotes an overall company image.


Answer: B

Business

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During a cold winter, the temperature stayed below zero for ten days (ranging from -20 to -5). The variance of the temperatures of the ten-day period

A. is negative since all the numbers are negative. B. must be at least zero. C. cannot be computed since all the numbers are negative. D. can be either negative or positive.

Business

Loon, Inc. reported taxable income of $600,000 in 20X3 and paid federal income taxes of $202,000. Not included in the company's computation of taxable income is tax-exempt interest of $30,000, disallowed meals and entertainment expenses of $15,000, and disallowed expenses related to the tax-exempt income of $4,000. Loon deducted depreciation of $200,000 on its tax return. Under the alternative (E&P) depreciation method, the deduction would have been $80,000. Compute the company's current E&P for 20X3.

What will be an ideal response?

Business

Accountants record ________

A) economic recessions B) estimated future transactions C) a transaction or any event that affects the financial position of the business and can be measured with faithful representation D) the $20,000 increase in value of a building that actually cost $50,000 but could be sold for $70,000

Business

A disclaimer is a specific statement indicating a particular warranty does not exist, or limiting the warranty as to nature or duration

Indicate whether the statement is true or false

Business