Which of the following accounts is classified as an asset?
a. Accounts Payable
b. Prepaid Insurance
c. Rent Expense
d. L. Vanna, Capital
b
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The Mojave Water Agency (MWA) sets water policy and water rates for a desert area that faces a severe water shortage. It has 200,000 customers who are charged $100 per month for the first 20,000 cubic feet (cu.ft) and 1 cent per cu.ft thereafter. The average customer bill is $200 per month. It costs the agency ΒΌ cent per cu.ft to monitor and bill for usage. The MWA wants to cut costs by replacing metered billing with a flat fee which would be added to each property owner's real estate tax bill. Which is true?
A. The proposed policy will be more expensive to operate and will lead to decreased water usage B. The proposed policy will be cheaper to operate and will lead to increased water usage C. The proposed policy will be cheaper to operate and will lead to decreased water usage D. The most that the MWA should pay the County Real Estate Department for handling the proposed billing process is $6,000,000 E. b) and d) above
The entry to record the sale of equipment costing $40,000, with accumulated depreciation of $34,000 and sale price of $7,700, will include
A) a gain on sale of equipment of 1,700. B) a gain on sale of equipment of 7,700. C) a loss on sale of equipment of 32,300. D) a loss of sale of equipment of 26,300.
When it comes to programmed value patterns which orientation looks at how cultures respond to the uncertainty of the future?
A. power distance B. individualism versus collectivism C. masculinity versus femininity D. uncertainty avoidance
In the value chain, customer service is concerned with inducing buyers to purchase the product and providing a means for them to do so.
Answer the following statement true (T) or false (F)