A representation is a statement made before the contract is made
Indicate whether the statement is true or false
TRUE
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Which of the following types of questions directly enquires about the value or usefulness of a proposed solution?
A) situation questions B) problem questions C) implication questions D) consequence questions E) need-payoff questions
Lester Company purchases a piece of equipment on Jan. 2, 2010, for $30,000 . The equipment has an estimated life of eight years or 50,000 units of production and an estimated residual value of $3,000 . Lester uses a calendar fiscal year. The entry to record the amount of depreciation for 2010, using the production method and assuming that 6,100 units are produced, is:
a. Equipment 3,050 Accumulated Depreciation– Equipment 3,050 b. Equipment 3,172 Accumulated Depreciation– Equipment 3,172 c. Depreciation Expense — Equipment 3,294 Accumulated Depreciation– Equipment 3,294 d. Depreciation Expense — Equipment 3,416 Accumulated Depreciation– Equipment 3,416
The adoption curve
A. puts more emphasis on technology and less on relationships. B. is the intentional coordination of every communication from a firm to a target customer to convey a consistent and complete message. C. emphasizes the relations among groups and shows that individuals in some groups act as leaders in accepting a new idea. D. is any distraction that reduces the effectiveness of the communication process. E. emphasizes the importance of securing the wholehearted cooperation of channel members to promote the product in the channel and to the final user.
The use of accelerated versus straight-line depreciation causes net income reported to stockholders to be lower, and cash flows higher, during every year of a project's life, other things held constant.
Answer the following statement true (T) or false (F)