On December 31, Strike Company has decided to discard one of its batting cages. The initial cost of the equipment was $215,000 with an accumulated depreciation of $185,000. Depreciation has been taken up to the end of the year. The following will be included in the entry to record the disposal
A) Accumulated Depreciation Dr. $215,000
B) Loss on Disposal of Asset $185,000
C) Equipment Cr. $215,000
D) Gain on Disposal of Asset $30,000
C
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Which of the following statements about the innovation adoption categories is true?
A) More than 50 percent of the population is classified as late majority adopters. B) Early adopters avoid risk. C) Early majority adopters do not want to be the first or the last to try a new product. D) Innovators are a much larger group than laggards. E) Late majority adopters are typically very concerned about social acceptance.
Online surveys that can handle open-ended questions are an unlikely development
Indicate whether the statement is true or false
If a company wants to be a price-taker, which of the following strategies should be taken?
A) Enter a competitive market and focus on cost cutting. B) Produce a unique product. C) Exploit the value of a fashionable brand name. D) Differentiate the product clearly from the competitors.
When graphing the EOQ, which of the following statements is false?
A. Average inventory on hand results in higher holding costs. B. As order size increases, so does average inventory on hand. C. Holding costs are a downward sloping line to the right. D. The EOQ is represented by the minimum total cost. E. Ordering costs are a downward sloping line to the right.