Which of the following is a suggestion to minimize legal costs?
a. Visit the lawyer during normal hours of operation.
b. Have the lawyer custom design forms specifically for you.
c. Always handle matters personally.
d. Try to avoid hiring a lawyer if and until an emergency requires it.
ANSWER: a
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a. Networking notes b. Brown-nosing notes c. Follow-up notes d. none of the above
The cost of activities that are incurred to correct defective products before they are shipped are:
a. prevention costs. b. appraisal costs. c. internal failure costs. d. external failure costs.
Farmer Company purchased equipment on January 1, Year 1 for $96,000. The machines are estimated to have a 5-year life and a salvage value of $13,000. The company uses the straight-line method.At the beginning of Year 4, Farmer revised the expected life to eight years. What is the annual amount of depreciation expense for each of the remaining years in the machine's life?
A. $4150 B. $6640 C. $9240 D. $5775
Success in advancing a career consists of taking each day as it comes and not thinking about the future
Indicate whether the statement is true or false