A(n)____ device assists in capturing and entering raw data into the computer system.
A. input
B. output
C. read-only
D. write-only
Answer: A
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Which of the following is not a step in allocating indirect costs to cost objects?
A. Trace direct costs to individual cost pools. B. Multiply the allocation rate by the weight of the cost driver. C. Compute an allocation rate by dividing the total cost to be allocated by the total cost driver volume. D. All of the answers are steps in allocating indirect costs.
When players love a game, some of these positive feelings rub off on the brands they encounter within it. This spillover is referred to as which of the following?
a. The transference effect. b. Augmented reality. c. Counterarguing. d. Immersive fiction. e. Internalization.
Find the net amount due after merchandise has been returned on the following if paid within the discount period. Invoice amount: $5,685.00; terms: 2/10, n/30; cost of returned merchandise: $582.00
a. $5,000.94 b. $5,100.85 c. $5,230.50 d. $5,499.25
Future Foundations purchased equipment on January 1, 2019, for $50,000, with an estimated useful life of 5 years and an estimated residual value of $5,000. The company uses the straight-line method of depreciation. On July 1, 2021, the equipment was sold for $17,500 cash. Prepare journal entries for the following:A) Depreciation expense for 2019;B) Depreciation expense for 2020; andC) Sale of the equipment in 2021.
What will be an ideal response?