An example of a monetary asset is
a. Accounts Receivable.
b. Copyright.
c. Retained Earnings.
d. Land.
A
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Royal Company purchased a dump truck at the beginning of 2014 at a cost of $60,000 . The truck had an estimated life of 6 years and an estimated residual value of $24,000 . On January 1, 2016, the company made major repairs of $20,000 to the truck that extended the life 1 year. Thus, starting with 2016, the truck has a remaining life of 5 years and a new salvage value of $8,000 . Royal uses the
straight-line depreciation method. What is the book value of the truck to be reported on the balance sheet at December 31, 2016? a. $44,000 b. $50,000 c. $56,000 d. $62,000
Today, most companies have moved back toward mass marketing and are being choosier about the customers with whom they wish to build relationships
Indicate whether the statement is true or false
Use the earned value table to determine the estimated cost to completion given the indicated state of the project
Activity 5 10 15 20 25 30 35 Plan % Complete A 850 350 1,200 100% B 400 125 525 100% C 1,275 650 1,925 100% D 2800 4,500 350 7,650 95% E 680 400 1,080 75% F 125 875 1,000 80% G 300 1200 1,500 45% Monthly Plan 850 750 1,400 3,450 5,180 1,175 2,075 14,880 Monthly Act 900 650 1,350 3,875 4,780 850 2,000 A) $15,966 B) $16,235 C) $18,164 D) $17,441
A new shopping mall is considering setting up an information desk operated by two employees. Based on information obtained from similar information desks, it is believed that people will arrive at the desk at the rate of 20 per hour
It takes an average of 4 minutes to answer a question. It is assumed that arrivals are Poisson and answer times are exponentially distributed. (a) Find the proportion of the time that the employees are busy. (b) Find the average number of people waiting in line to get some information. (c) Find the expected time a person spends just waiting in line to have his question answered.