Your main points should establish a direct connection with the
A) introduction B) body C) central idea D) conclusion
C
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An overall management objective is to:
a. minimize the number of sales transactions b. minimize the total amount of accounts receivable c. minimize the time from the beginning of the selling process to the end of the cash collections process d. maximize the amount of float
On January 1, Imlay Company purchases manufacturing equipment costing $95,000 that is expected to have a five-year life and an estimated salvage value of $5,000. Imlay uses the straight-line depreciation method to allocate costs, and only prepares adjustments at year-end. The adjusting entry needed on December 31 of the first year is:
A. Debit Depreciation Expense, $18,000; credit Equipment, $18,000. B. Debit Depreciation Expense, $9,000; credit Accumulated Depreciation, $9,000. C. Debit Depreciation Expense, $90,000; credit Accumulated Depreciation, $90,000. D. Debit Depreciation Expense, $18,000; credit Accumulated Depreciation, $18,000. E. Debit Depreciation Expense, $9,000; credit Equipment, $9,000.
The first unit produced in a process takes 480 hours. As the number of units produced doubles, production time decreases by 18%. Using the arithmetic approach, calculate the production time for the 16th unit.
a. 217 hours b. 328 hours c. 128 hours d. 156 hours
Bobby develops a way to clone catfish. He finds that this is a very economical way to run his fish business. He begins selling the catfish to grocers in the area. Other fish producers, who do not know how to clone the fish, are very annoyed with Bobby and start to complain. They tell Bobby that he is violating federal law by not placing a label on his fish notifying consumes that the fish are
cloned. Is Bobby in violation of the law? a. Bobby is not in violation of federal law, but he should check to see if his state has such a requirement because labeling legislation has been introduce in some states. b. Bobby is not in violation of federal law nor have any states made any effort to require notification of cloned products. c. Bobby is in violation of federal law by not notifying consumers through labeling of the cloning. d. Bobby is in violation of federal law by not notifying consumers through labeling of the cloning only if there is evidence that the nutritional value of the fish is less than that of noncloned fish.