Email is typically the most effective channel for communicating negative organizational news

Indicate whether the statement is true or false


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Business

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Merry Company uses the cash basis of accounting. Merry Company made $600,000 in payments to its suppliers during the year. Merry's beginning inventory was $20,000, and its ending inventory was $35,000. In addition, Merry had a beginning accounts payable of $40,000 and an ending accounts payable of $70,000. What is Merry's cost of goods sold under the accrual basis of accounting?

A) $585,000 B) $600,000 C) $615,000 D) $625,000

Business

A company is planning to purchase a machine that will cost $24,000 with a six-year life and no salvage value. The company uses straight-line depreciation. The company expects to sell the machine's output of 3,000 units evenly throughout each year. A projected income statement for each year of the asset's life appears below. What is the accounting rate of return for this machine?     Sales   $90,000  Costs:       Manufacturing$52,000     Depreciation on machine 4,000     Selling and administrative expenses 30,000 (86,000) Income before taxes   $4,000  Income tax (50%)    (2,000) Net income   $2,000  

A. 8.3%. B. 33.3%. C. 16.7%. D. 4%. E. 50.0%.

Business

The United States Supreme Court can review any case decided by any of the federal courts of appeals

Indicate whether the statement is true or false

Business

A person who dies without a will is said to have died

a. per stirpes. b. per capita. c. testate. d. intestate.

Business