The gift shop at the local aquarium is a(n) ________.
Fill in the blank(s) with the appropriate word(s).
profit center
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Calhoun, Inc purchased equipment at the beginning of 2016 for $180,000 . Calhoun decided to depreciate the equipment over a 5-year period using the double-declining-balance method. Calhoun estimated the equipment's residual value at $30,000 . Which of the following statements is correct concerning Rose's financial statements at December 31, 2016?
a. The book value of the equipment is $108,000. b. The book value of the equipment is $72,000. c. The total accumulated depreciation is $90,000. d. Depreciation expense for 2016 is $60,000.
Personal selling refers to person-to-person oral, written, or electronic communications that relate to the merits or experiences of purchasing or using products or services
Indicate whether the statement is true or false
Warren Company began the accounting period with a $32,000 debit balance in its accounts receivable account. During the accounting period, the company recorded revenue on account amounting to $76,000. The accounts receivable account at the end of the accounting period contained a $16,000 debit balance. Based on this information, what is the amount of cash collected from customers during the period?
A. $28,000 B. $80,000 C. $92,000 D. $66,000
Most people are at the ______ level of moral development.
A. preconventional B. conventional C. postconventional D. multiconventional