Computerization has led to a large increase in the use of the perpetual inventory system

Indicate whether the statement is true or false


True

Business

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On January 1, 2016, Luke, Inc leased equipment, signing a five-year lease that requires five payments of $40,000 due on January 1 of each year with the first payment due January 1, 2016. Luke accounted for the lease as a capital lease. Using a rate of 9%, Luke determined the present value on January 1, 2016, to be $169,589. What is the amount of the long-term lease obligation that Luke should

report on its December 31, 2017 balance sheet? A) $70,364 B) $101,252 C) $112,915 D) $129,589

Business

Which of the following would NOT be included in the powers of the federal government?

A) Power to tax a product produced and consumed exclusively in Alaska. B) Power to grant government contracts to minority corporations. C) Power to condemn a building to make way for an interstate highway. D) Power to tax only incomes above $6,000.

Business

Giving a false impression, although not actually an untruth, is still an ethical violation

Indicate whether the statement is true or false

Business

In general, the NLRB and the courts will not permit outside union organizers access to:

a. employees who wish to unionize b. employees who oppose unionization c. management of companies that compete with the company opposing unionization d. the property of a company opposing unionization e. none of the other choices

Business