The adjusting entry to record depreciation should be reversed at the start of a new fiscal period to make subsequent financial record keeping easier.
Answer the following statement true (T) or false (F)
False
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Calculate the percent gross profit for a company if the sales revenue generated is $200 million, and the firm sells 60 products that cost $2 million each to produce
A) 20% B) 40% C) 50% D) 60% E) 80%
Answer the following statements true (T) or false (F)
1.Concerning U.S. tariff policy, the offshore assembly provision (OAP) provides unfavorable treatment to products assembled abroad from U.S. made components. 2.Tariff avoidance is the legal utilization of the tariff system to one's own advantage in order to reduce the amount of tariff that is payable by means that are within the law. 3.Tariff evasion occurs when individuals or firms escape tariffs by illegal means such as smuggling imported goods into a country. 4.A foreign-trade zone (FTZ) is an area within the United States where business can operate without the responsibility of paying customs duties on imported products or materials for as long as they remain within this area and do not enter the U.S. marketplace. 5.Empirical studies show that virtually all U.S. import tariffs are "progressive" in that they disproportionately negatively impact upper income groups rather than lower income groups.
A Trojan horse:
a. sends email or pop-up messages to users asking for personal information in inventive ways. b. is a program that claims to do something useful, but which also contains hidden behavior. c. changes information in an email header or an IP address to hide identities. d. All of the choices are true regarding Trojan horses.
Choose the best closing for a message requesting the receiver's support for a proposed change in a benefits plan
A) Please e-mail me at your earliest convenience with your decision. B) Contacting me by December 1 about your support of this new benefits plan will allow me to present this proposal at the next strategic planning session. C) If you have any further questions about this new benefits plan, please do not hesitate to contact me. D) We really need to implement this new benefits plan soon.