Extraordinary repairs usually are recorded by making a debit to
A) a capital account.
B) Repair Expense.
C) a contra-asset account.
D) an asset account.
C
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An intrusion detection system can perform all of the following functions except:
A. examining network traffic. B. setting off an alarm when suspicious activity is detected. C. checking network traffic to see if it matches certain patterns or preconfigured rules. D. blocking suspicious activity.
Under the doctrine of commercial impracticability, which situation would NOT excuse the seller's performance?
a. The seller forgot to include the cost of freight in a C&F contract. b. The seller's source of supply is no longer available because of a governmental embargo prohibiting an export from another country. c. The seller cannot deliver because severe flooding wiped out three-fourths of the state's produce. d. The seller's workforce is out on an unexpected strike.
All EXCEPT which of the following statements about ABC analysis are true?
A) In ABC analysis, inventory may be categorized by measures other than dollar volume. B) ABC analysis categorizes on-hand inventory into three groups based on annual dollar volume. C) ABC analysis is an application of the Pareto principle. D) ABC analysis suggests that all items require the same high degree of control. E) ABC analysis suggests that there are the critical few and the trivial many inventory items.
Schedules may have to be revised frequently due to factors such as machine breakdowns, processing delays at work centers, and the like. This is the drawback of ______.
a. fixed loading b. iterative loading c. finite loading d. infinite loading