Answer the following statement(s) true (T) or false (F)1.
1. Almost every business today has some form of information technology at its core.
2. A computer modem is a special type of software.
3. An Internet browser is a type of software.
4. Data can include both numerical and verbal facts.
5. Data includes only numerical facts.
1. TRUE
2. FALSE
3. TRUE
4. TRUE
5. FALSE
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The terms salvage value and residual value refer to the estimated proceeds on the disposition of an
a. asset, only. b. asset less all removal costs, only. c. asset less all removal and selling costs. d. asset plus all removal and selling costs, only. e. estimated proceeds on the disposition of an asset plus all selling costs, only.
Jessica's high grades in her geometry class made her mother and ________ very proud
A) myself B) I C) me
Which company is expecting to gain the majority of its returns on existing investments?
A. Dell computer. B. Johnson & johnson. C. Procter & gamble. D. Phillips petroleum.
Everest Inc. reports taxable income of $900,000 before considering sales of stock. Everest Inc. sold two stockholdings this year, resulting in a long-term capital gain of $15,000 on stock A and a short-term capital loss of $5,000 on stock B. What is the extra tax that Everest will pay due to the sales of these stocks?
A) $2,100 B) $1,500 C) $2,000 D) $3,150