A company with significant amounts of accounts receivable experiences uncollectible accounts from time to time. If the company uses the direct write-off method, the effect of writing off an uncollectible receivable will be ________
A) a reduction in net income
B) negligible on net income
C) an increase in total assets
D) a generation of positive cash flow
A
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According to the needs hierarchy theory, basic human needs such as food, sleep, and water are examples of ________ needs
A) physiological B) safety C) ego D) social
Mapleton Company is considering an investment in a machine that would reduce annual labor costs by $30,000 . The machine has an expected life of 10 years with no salvage value. The machine would be depreciated according to the straight-line method over its useful life. The company's marginal tax rate is 30 percent. Refer to Mapleton Company. Assume that the company will invest in the machine if
it generates an internal rate of return of 16 percent. What is the maximum amount the company can pay for the machine and still meet the internal rate of return criterion? Present value tables or a financial calculator are required. a. $144,990 b. $180,000 c. $187,500 d. $210,000
Which of the following statements is true of battery?
A) Battery refers to intentional infliction of emotional distress. B) Assault and battery often occur together. C) Actual physical contact is not necessary for a tort to be termed as battery. D) Indirect physical contact between the victim and the perpetrator is not battery.
The failure of a state to develop a SIP allows the EPA to use a federal plan in the state
Indicate whether the statement is true or false