A building was purchased for $230,000 . It currently has accumulated depreciation of $40,000 and had a residual value of $50,000 . Assuming the use of straight-line depreciation, its estimated useful life must have been
a. 5 years.
b. 10 years.
c. 14 years.
d. impossible to determine from the facts given.
D
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She probably did that because she was angry" is an example of this type of response
A) questioning B) evaluating C) interpreting D) supporting
Sam Mueller and Geoffrey Robinson enter into a limited partnership in which Sam is the general partner and Geoffrey is the limited partner. They borrow $50,000 to start a business
Keeping all rules of naming their businesses in mind, they start a law firm named Robinson-Mueller Legal Associates. Martin Humphrey joins them after eleven months as a general partner but does not include his surname in the name of the business. If the business fails, which of the following is true? A) Only Sam, being the sole general partner is liable to the creditor. B) Martin has unlimited personal liability for not including his surname in the name of the business. C) Geoffrey is liable as a general partner as he included his surname in the business with full knowledge. D) All three partners are equally liable to the creditor, irrespective of including their surname in the title of the business.
In the EOQ model, if our order quantity is less than the economic order quantity, then ______.
a. the annual ordering costs will be the same or lower than the annual holding costs b. the annual ordering costs will be the same as the annual holding costs c. the annual ordering costs will be higher than the annual holding costs d. the annual ordering costs will be lower than the annual holding costs
What is the difference between P and Q inventory systems?
A) order size B) order spacing C) maximum service level D) lead time length E) A and B