Norwood, Inc purchased a crane at a cost of $80,000 . The crane has an estimated residual value of $5,000 and an estimated life of 8 years, or 12,500 hours of operation. The crane was purchased on January 1, 2016 and was used 2,700 hours in 2016 and 2,600 hours in 2017. Refer to the information about Norwood, Inc What amount will Norwood, Inc report as depreciation expense over the 8-year life of
the equipment?
a. $60,000
b. $72,000
c. $75,000
d. $80,000
c
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New global product offerings require an intimate understanding of ______.
A. cultural nuances of different countries B. the Geneva Convention C. the General Agreement on Trade and Tariffs D. packaging requirements in different countries
Which of the following budgets must managers prepare before they can prepare a direct materials purchases budget?
A) Labor budget B) Overhead budget C) Production budget D) Cost of goods manufactured budget
If a court awards nominal damages it will generally
a. award compensatory damages as well. b. not make a determination as to whether there has been a breach of the contract. c. award punitive damages for the intentional breach of the contract. d. award a very small amount of money.
________ are used to gain your support by seeking the help of others to persuade you, or by using the support of others as an argument for you to also give your support.
A. Ingratiating tactics B. Coalition tactics C. Consultative tactics D. Inspirational appeals