In general, major integrated oil and gas producers may take the greater of cost or percentage depletion.
Answer the following statement true (T) or false (F)
False
Depletion of timber and major integrated oil companies must be calculated using only the cost depletion method (no percentage depletion is available).
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You would like to travel in South America 5 years from now, and you can save $3,100 per year, beginning one year from today. You plan to deposit the funds in a mutual fund that you think will return 8.5% per year. Under these conditions, how much would you have just after you make the 5th deposit, 5 years from now?
A. $18,369 B. $19,287 C. $20,251 D. $21,264 E. $22,327
Amir bought a television set from Corbel Electronics for $250. Corbel Electronics delivered a warranty of six years for any manufacturing defect in the product. After three years of use, the television set caught fire because of a manufacturing defect. The fire also damaged other goods in Amir's house. Which of the following statements is most accurate regarding this scenario?
A. Amir cannot recover damages for loss in value of the television set. B. Amir's right to recover damages is barred by the Uniform Commercial Code's statute of limitations. C. Amir cannot recover damages for personal injuries under the warranty from Corbel Electronics. D. Amir can claim consequential damages for a breach of warranty resulting in injury to the property.
?The marketing concept is best defined as
A. ?a second definition of marketing. B. ?a philosophy stating that an organization should try to satisfy customers' needs through a coordinated set of activities that allows the organization to achieve its goals. C. ?the performance of business activities that direct the flow of goods and services from producer to customer or user. D. ?a philosophy stating that an organization should attempt to accomplish its goals with no regard for the needs of customers. E. ?the inclusion of marketing activities in the activities of an organization.
One advantage of mutual funds is that they do not charge fees to coverthe cost of managing the fund.
Answer the following statement true (T) or false (F)