The use of rule-of-thumb measures is superior to comparison of financial measures or ratios of the same company over a period of time
Indicate whether the statement is true or false
False
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In developing data-driven communications with customers, maintaining customer profile information is important because the information helps the marketing team create personalized communications
Indicate whether the statement is true or false
Which of the following is most accurate about followers?
A. followers can play a harmful role in organizations B. organizational harm is always the result of leader actions C. by definition, followers cannot defy leaders D. followership is an amoral concept
List the order in which the balance sheet, statement of retained earnings, and income statement are prepared. Briefly discuss why this order is necessary
What will be an ideal response
An asset was purchased three years ago for $100,000 and can be sold for $40,000 today. The asset has been depreciated using the MACRS 5-year recovery period and the firm pays 40 percent taxes on both ordinary income and capital gain
(a) Compute recaptured depreciation and capital gain (loss), if any. (b) Find the firm's tax liability.