Which of the following is a limitation of the direct? write-off method of accounting for? uncollectibles?

Chicago Co is interested in purchasing a machine that would improve its operational efficiency. The cost is $200,000 with an estimated residual value of $20,000 and a useful life of eight years. Cash inflows are expected to increase by $40,000 a year. The company's minimum rate of return is 10 percent. The present value of $1 for eight years at 10 percent is 0.467, and the present value of an

annuity of $1 at 10 percent and eight years is 5.335. The project earns a rate of return of a. Unable to determine from the data given b. greater than 10 percent. c. less than 10 percent. d. 10 percent.

Unemployment benefits are paid for by a tax on the ________ and an equal levy on the ________

a. company's products; company's profit b. union funds; pension funds c. wages of the workers; employer's total payroll d. consumers; Social Security funds

In Lujan v. Defenders of Wildlife, where foreign aid decisions of the U.S. government were challenged as a violation of the Endangered Species Act, because the Nile crocodile in Egypt could be harmed, the Supreme Court held:

a. the plaintiffs had standing because they had visited the area where the crocodiles lived b. the animals at issue were not endangered and so were not the proper subject of a lawsuit c. although the plaintiffs had standing to sue, the issue of saving crocodiles was beyond the court's expertise d. the Endangered Species Act was the wrong statute under which to bring this claim e. none of the other choices

The city amended its budget to increase expected grant revenues by $500,000 and increase expected culture and recreation expenditures by $500,000. Which of the following statements concerning the budget amendment journal entry is correct?

A. There will be no adjustment to Budgetary Fund Balance. B. Expenditures will be debited for $500,000. C. Estimated Revenues will be credited for $500,000. D. Appropriations will be debited for $500,000.