When the President negotiates a treaty with a foreign country and submits it to the Senate for approval, the president's action is:
A) an express Constitutional amendment
B) an amendment by judicial interpretation.
C) an amendment by practice.
D) the power of manifest destiny.
C
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Which of the following types of budgets is based on the cost of customer acquisition and retention and the combination of new and retained customers?
A) top-down budget B) customer-mix budget C) objective and task budget D) bottom-up budget E) total consumer budget
Which of the following statements is most likely to be true regarding the supervision of foreign investment?
A. The foreign investor whose application has been approved by the host state is usually subject to some time limit in which to start construction and/or begin operation. B. Very few countries require investors to submit periodic reports during the start-up period. C. Once a foreign-owned enterprise is in full operation, it is usually not subject to periodic monitoring. D. Investment laws usually provide that any modification to an investment agreement, including an increase or decrease in the size or scope of a project, has to be approved by the home state.
Distinguish between a job and a task.
What will be an ideal response?
On January 1, 2016 Kefauver Company purchased a piece of equipment for $375,000. The equipment had a useful life of 10 years and a residual value of $10,000. The company initially starts recording depreciation on a straight-line method. The following independent situations occur at the beginning of 2018: a.The life of the equipment was originally estimated to be 10 years but due to the wear and tear on the machine they changed it to a remaining life of 7 years.b.It was discovered that when initially recorded on the books the residual value had been ignored.? Required:Prepare all journal entries related to the equipment for 2018 for each of the independent situations, ignoring income taxes.
What will be an ideal response?