Body language is also known as:
A) Paralinguistics
B) Occulesics
C) Linguistics
D) Kinesics
D) Kinesics
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A disadvantage(s) of observational data would be ________
A) attitudes, motivations and values can't be assessed B) perceptual differences among observers C) infrequent behaviors are too expensive to record D) B and C only E) A, B, and C
Accounting information systems generate both monetary and non-monetary accounting information. List two examples of each type of accounting information
Carmichael Cleaners needs a new steam finishing machine that costs $100,000. The company is evaluating whether it should lease or purchase the machine. The equipment falls into the MACRS 3-year class, and it would be used for 3 years and then sold, because the firm plans to move to a new facility at that time. The estimated value of the equipment after 3 years is $30,000. A maintenance contract on the equipment would cost $3,000 per year, payable at the beginning of each year. Alternatively, the firm could lease the equipment for 3 years for a lease payment of $29,000 per year, payable at the beginning of each year. The lease would include maintenance. Due to special circumstances, the firm is in the 20% tax bracket, and it could obtain a 3-year simple interest loan, interest payable at
the end of the year, to purchase the equipment at a before-tax cost of 10%. If there is a positive Net Advantage to Leasing the firm will lease the equipment. Otherwise, it will buy it. What is the NAL? (Note: Assume MACRS rates for Years 1 to 4 are 0.3333, 0.4445, 0.1481, and 0.0741.) A. $5,734 B. $6,023 C. $6,324 D. $6,640 E. $6,972
Gideon Company uses the direct write-off method of accounting for uncollectible accounts. On May 3, the Gideon Company wrote off the $2,000 uncollectible account of its customer, A. Hopkins. The entry or entries Gideon makes to record the write off of the account on May 3 is:
A.
| Accounts Receivable?A. Hopkins | 2,000 | |
| Bad Debts Expense | 2,000 |
B.
| Accounts Receivable?A. Hopkins | 2,000 | |
| Cash | 2,000 |
C.
| Cash | 2,000 | |
| Accounts Receivable?A. Hopkins | 2,000 |
D.
| Bad Debts Expense | 2,000 | |
| Accounts Receivable?A. Hopkins | 2,000 |
E.
| Allowance for Doubtful Accounts | 2,000 | |
| Accounts Receivable?A. Hopkins | 2,000 |