The vector of state probabilities for any period is equal to the vector of state probabilities for the preceding period multiplied by the matrix of transition probabilities
Indicate whether the statement is true or false
TRUE
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If you choose to apologize in a negative message, you should
A) phrase the apology in a conditional manner ("If I have offended anyone ..."). B) imply that not all of the blame lies with you or your company. C) be sincere and make it a true apology. D) always demonstrate sincerity, but never accept blame. E) always urge the reader to avoid legal action.
The accumulated benefit obligation (ABO) is equal to the
A) actuarial present value of all benefits earned as of a specified date, both vested and nonvested, by employees using current salary levels in the pension plan formula. B) actuarial present value of all benefits earned as of a specified date, both vested and nonvested, by employees using anticipated future salary levels in the pension plan formula. C) difference between the annual pension expense and the amount actually funded during the year. D) actuarial present value of benefits attributed by the pension plan formula to services rendered by employees during the current year.
Answer the following statements true (T) or false (F)
Congress has recently been concerned with the laxity of auditors in detecting and disclosing fraud.
On January 1, a company purchased machinery for $75,000 that had a 6-year useful life and a salvage value of $6,000. After three years of straight-line depreciation, the company paid $8,500 cash at the beginning of the year to improve the efficiency of the machinery. The productivity of the machinery was improved without increasing its remaining useful life or changing its salvage value. Straight-line depreciation is used throughout the machinery's life.1. Prepare the journal entry to record the $8,500 expenditure.2. Prepare the journal entry to record depreciation expense for the fourth year.
What will be an ideal response?