Which of the following is an example of nonvolatile memory?
A. static random access memory (SRAM)
B. optical disk
C. main memory
D. the system bus
E. cache memory
Answer: B
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The purpose of a balance sheet is to summarize the results of operations during an accounting period
a. True b. False Indicate whether the statement is true or false
After aging the accounts receivable, it is estimated that $790 will not be collected and the allowance account has an existing debit balance of $230 . The adjusting entry under the aging approach would be for the amount of
a. $790. b. $230. c. $560. d. $1,020.
Which of the following statements is not true about depreciation for tax purposes?
A) The straight-line method is used for most assets. B) The same methods are not acceptable for financial reporting. C) Plant assets are written off rapidly. D) There is a bonus first-year deduction.
The daily output required from an assembly line is 300 units. If the line operates 5 hours a day, what is the cycle time per unit?
a. 1 hour b. 4 minutes c. 1 minute d. 25 seconds