Which statement is true about location decisions?

A. Franchisers assist entrepreneurs with location decisions.
B. Location decisions have an temporary effect on business operations.
C. Location decisions should be made independently of consumer needs.
D. The location decision is equally critical to all types of businesses.


Answer: A

Business

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Equipment with a cost of $160,000, an estimated residual value of $40,000, and an estimated life of 15 years wasdepreciated by the straight-line method for 4 years. Due to obsolescence, it was determined that the remaining useful lifeshould be shortened by 3 years and the residual value changed to zero. The depreciation expense for the currentand future years is

a. $16,000 b. $11,636 c. $11,000 d. $8,000

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The payment of wages to employees is an internal event

a. True b. False Indicate whether the statement is true or false

Business

Treasury stock is ________.

A) a contra equity account B) a contra asset account C) a liability account D) an asset account

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Excerpts from a cost-volume-profit analysis indicate fixed costs of $30,000, a variable cost per unit of $36, a selling price of $60, and a sales level of $125,000 . The targeted level of profit must be

a. $20,000. b. $50,000. c. $95,000. d. $75,000.

Business