Which of the accounts below would be closed by posting a debit to the account?
A) Unearned Revenue
B) Fees Earned
C) Josh Morton, Drawing
D) Rent Expense
B
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In 2012, Blanton Company bought equipment with a cost of $160,000, an estimated residual value of $40,000, and an estimated life of 15 years. It was depreciated by the straight-line method for 4 years. Due to obsolescence, it was determined at the beginning of 2016 that the useful life should be shortened by 3 years and the residual value changed to zero. The depreciation expense for 2016 is
a. $11,636 b. $16,000 c. $11,000 d. $8,000
MTV focuses on young people, and Rolex watches have a market niche of upper-income people. Both are examples of what type of strategy?
a. cost leadership b. focus c. analyzing d. differentiation
If you want to give your coworker time to consider your request carefully before responding, a one-on-one meeting is the best medium for communicating your message
Indicate whether the statement is true or false.
Many firms now use e-mail and the Internet to promote their products instead of sending promotional literature to current and prospective customers through the mail. UPS and FedEx continue to grow, offering both overnight and ground package delivery services. As a result, the U.S. Postal Service (USPS) has lost millions of customers and billions in revenue. The USPS has challenges ahead in coping with ________ forces in the marketplace.
A. competitive B. social C. legal D. technological E. economic