Mustin, Inc purchased equipment for $50,000 . The equipment had an estimated useful life of eight years and an estimated residual value of $6,000 . After five years of use, the estimated residual value is changed to $9,000 . Assuming straight-line depreciation, depreciation expense in year 6 would be
a. $4,500.
b. $5,500.
c. $5,125.
d. $7,500.
A
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A company receives $360 for a sale, of which $20 is for sales tax. The journal entry to record the sale is:
A) Sales Tax Expense 20Cash 340Sales 360 B) Cash 340Sales 340 C) Cash 360Sales 360 D) Cash 360Sales Tax Payable 20Sales 340
Answer the following statements true (T) or false (F)
1. Ninety percent of all U.S. businesses use some form of group structure. 2. In coordination meetings, project teams keep each other informed of their progress and plan at each stage of their joint efforts. 3. One advantage of a group meeting is it increases the chance of communication problems, which is healthy because it creates a better line of communication down the road for group members. 4. Coch and French found that participation in meetings decreased a feeling of ownership of the outcome.
Charles says to Wes, "If you will mow my lawn, I will give you $15." Wes says nothing, but he mows the lawn. No contract exists under this fact situation, because Wes did not accept Charles's offer
a. True b. False Indicate whether the statement is true or false
The classic triple constraint standard for project performance is composed of time, cost, and client acceptance
Indicate whether the statement is true or false