One of the primary activities of Perez, Inc. is to purchase hats from Toppers, Inc. in Texas and sell them to its customers in New York for a profit. It is likely that Toppers is a ________.
A) manufacturing company
B) hybrid company
C) service company
D) merchandising company
D) merchandising company
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Norwood, Inc purchased a crane at a cost of $80,000 . The crane has an estimated residual value of $5,000 and an estimated life of 8 years, or 12,500 hours of operation. The crane was purchased on January 1, 2015 and was used 2,700 hours in 2015 and 2,600 hours in 2016. Refer to the information about Norwood, Inc If Norwood uses the double-declining-balance depreciation method, what amount is the
depreciation expense for 2016? a. $14,063 b. $15,000 c. $18,750 d. $20,000
What document communicates the conclusions of the financial statement audit?
a. The financial statement. b. Written management assertion. c. The audit report. d. None of the above.
Which characteristic is associated with the database approach to data management?
a. data sharing b. multiple storage procedures c. data redundancy d. excessive storage costs
The primary advantage of the American Community Survey is that:
A) it will be a new form that is more interesting to people B) new, more important questions will be asked C) it will provide data annually instead of once every ten years D) more people will be able to understand the questions E) it will be translated into more languages