MACRS stands for modified accelerated cost recovery system and classifies the "life" of every asset for use in determining the depreciation expense each year
Indicate whether the statement is true or false.
Answer: TRUE
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Which of the following is not true?
a. When management outsources their organization's IT functions, they also outsource responsibility for internal control. b. Once a client firm has outsourced specific IT assets, its performance becomes linked to the vendor's performance. c. IT outsourcing may affect incongruence between a firm's IT strategic planning and its business planning functions. d. The financial justification for IT outsourcing depends upon the vendor achieving economies of scale.
Observing behavior can help you interpret meaning, especially if the behavior is inconsistent with a spoken statement
Indicate whether the statement is true or false.
If the financial status of a corporation drastically changes before the record date, a declared cash
or property dividend can be revoked. Indicate whether the statement is true or false
A plant manager wants to know how much he should be willing to pay for perfect market research. Currently there are two states of nature facing his decision to expand or do nothing
Under favorable market conditions the manager would make $100,000 for the large plant and $5,000 for the small plant. Under unfavorable market conditions the large plant would lose $50,000 and the small plant would make $0. If the two states of nature are equally likely, how much should he pay for perfect information? A) $0 B) $25,000 C) $50,000 D) $100,000 E) $145,000