You want to show total U.S. auto sales in each year since 2005; the data could be illustrated using either a pictogram or a bar chart
Indicate whether the statement is true or false
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The composite depreciation method
a. is applied to a group of homogeneous assets. b. is an accelerated method of depreciation. c. does not recognize gain or loss on the retirement of specific assets in the group. d. excludes salvage value from the base of the depreciation calculation.
Consider the following comments about absorption- and variable-costing income statements: I.A variable-costing income statement discloses a firm's contribution margin.II.Cost of goods sold on an absorption-costing income statement includes fixed costs.III.The amount of variable selling and administrative cost is the same on absorption- and variable-costing income statements.Which of the above statements is (are) true?
A. I only. B. II only. C. I and II. D. II and III. E. I, II, and III.
Your friend, Linda, started a graphic design firm about a year ago. The business has done well, but it needs a lot more equipment, computers, and employees to continue expanding. Linda does not see any problem because she thinks she can easily get all the money she will need from her local bank. What advice might you give her?
A. She is right, the bank is likely to lend her as much as she needs because banks primarily focus on supporting small businesses. B. She is crazy, banks do not lend money to small businesses but only to well- known, well-established organizations. C. She should sell her business immediately before it fails because most small businesses fail during the first five years. D. She should not accept any new clients so that she can end the need to add additional equipment and employees. E. She should consider alternative sources of financing because banks provide only about one-fourth of the total capital to small businesses.
Discounted payback periods for projects Y and Z are
Below are the expected after-tax cash flows for Projects Y and Z. Both projects have an initial cash outlay of $20,000 and a required rate of return of 17%. Project Y Project Z Year 1 $12,000 $10,000 Year 2 $8,000 $10,000 Year 3 $6,000 0 Year 4 $2,000 0 Year 5 $2,000 0 A) 1.64 and 1.71 years. B) 3.14 years and never. C) 2 years and 2 years. D) 5 years and never.