Lewis Company purchased a machine for $60,000. The machine has an estimated life of 20,000 hours and no salvage value. The entry to record the depreciation charge under the production method assuming that the machine was used for 4,000 hours is:
A) Depreciation Expense-Machinery 12,000 Accumulated Depreciation-Machinery 12,000
B) Depreciation Expense-Machinery 12,000 Machinery 12,000
C) Machinery 40,000 Accumulated Depreciation-Machinery 40,000
D) Machinery 60,000 Cash 60,000
A
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Which of the following is true for writing concise sentences?
A) All relative pronouns should be eliminated from sentences to minimize confusion. B) Using infinitives to replace phrases is grammatically incorrect. C) Longer words usually make a sentence easier to read and understand. D) Double modifiers are easy to understand and make a sentence more concise. E) The subject and predicate of a sentence should be placed as close together as possible.
The following information is available for the Noir Detective Agency. After closing entries are posted, what will be the balance in the Retained earnings account? Net Loss$37,600?Retained earnings 299,000?Dividends 40,000?
A. $296,600. B. $221,400. C. $301,400. D. $259,000. E. $299,000.
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A) horizontal restraint of trade B) intensive distribution C) vertical distribution D) disintermediation E) exclusive distribution
Brand awareness is the customers' opinion of the brand's ability to fulfill their expectations
Indicate whether the statement is true or false