An oil change is to ________ maintenance as repair of a broken alternator is to ________ maintenance
A) preventive; breakdown
B) breakdown; preventive
C) preventive; preventive
D) breakdown; breakdown
E) preventive; infant mortality
A
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Randolph Scott operates a business as a sole proprietorship. This year his net profit was $10,570. For tax purposes this amount should be reported on:
A. A separate tax return prepared for the business operation B. Schedule E, Statement of Rent and Royalty Income C. The first page of Form 1040 as other income D. Schedule C, Statement of Profit or Loss from Business
Ryan believes he is responsible for his actions, and he will conduct extensive searches before making a purchase. Michael's favorite phrase, when confronted by the need to make a decision, is "Whatever." In marketing terms, Ryan is said to have a(n) ________ and Michael, a(n) ________.
A. personal-accountability approach; laissez-faire approach B. increased search anxiety; decreased search anxiety C. formal search function; casual search function D. focused sense of information; unfocused sense of information E. internal locus of control; external locus of control
Walla, Inc. may invest $6 million in a Buffalo harvesting project. Annual costs and revenues, starting next year, are forecasted to be $1 million and $0.7 million, growing at 0.0% and 3.0%, respectively
If the opportunity cost of capital is 4.5%, what is the investment trigger price? A) $19.25 million B) $21.25 million C) $23.25 million D) $25.25 million
Pure Life Corporation has just finished preparing a consolidated balance sheet, income statement, and statement of changes in retained earnings for 20X9. The following items are proposed for inclusion in the consolidated cash flow statement: Decrease in accounts receivable$15,000 Increase in accounts payable 18,000 Increase in inventory 20,000 Increase in bonds payable 50,000 Equipment purchased 200,000 Common stock repurchased 40,000 Depreciation reported for current period 50,000 Gain recorded on sale of equipment 12,000 Book value of equipment sold 58,000 Goodwill impairment loss 12,000 Sales 800,000 Cost of goods sold 350,000 Dividends paid by parent 45,000 Dividends paid by subsidiary 20,000 Consolidated net income for the year 400,000 Income assigned
to the noncontrolling interest 20,000 Pure Life holds 75 percent of the voting stock of Shane Pharmaceuticals, acquired at book value on June 21, 20X6. On the date of the acquisition, the fair value of the noncontrolling interest was equal to 25 percent of the book value of Shane.Based on the preceding information, what amount will be reported in the consolidated cash flow statement as net cash provided by operating activities for 20X9? A. $335,000 B. $463,000 C. $350,000 D. $421,000