A product that does not cover its allocated share of general corporate administrative expenses should be dropped
Indicate whether the statement is true or false
false
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Brockmeyer, Inc. purchased some equipment on January 1, 2016, for $300,000 that had a five-year useful life and no salvage value. Brockmeyer used double-declining-balance depreciation for both financial reporting and income tax purposes. On January 1, 2018, Brockmeyer changed to the straight-line depreciation method for this equipment and can justify the change. Brockmeyer will continue to use double-declining balance depreciation for income tax reporting. Brockmeyer's income tax rate is 30%. Assuming Brockmeyer's 2018 income before depreciation and tax is $800,000, what is the amount of Brockmeyer's net income for 2018?
A. $534,800 B. $570,800 C. $764,000 D. $800,000
The company description in a business plan should ________
A) identify the form of your business and its business type B) discuss market characteristics, trends, projected growth, and barriers to entry C) explain how the product or service you are providing will benefit customers D) explain specifically how you will run your business
The three phases of the organizational socialization model stated in the textbook are
What will be an ideal response?
With which of the following would you associate these words: ‘the environment determines success, not the resources controlled’?
a. Penrose b. Machiavelli c. Pericles d. Porter