Case-Based Critical Thinking QuestionsCase 10-2Ryan is a Systems Analyst for a large soft drink manufacturer. He has been asked to collect data to help determine what types of technology are needed within the company.Ryan has also compiled a list of interview questions so that he can conduct ____ interviews with key stakeholders.
A. structured
B. unstructured
C. procedural
D. output
Answer: A
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Asuncion Company purchased some equipment on January 2, 2011, for $24,000 . The company used straight-line depreciation based on a ten-year estimated life with no residual value. During 2014, management decided that this equipment could be used only three more years and then would be replaced with a technologically superior model. What entry should the company make as of January 1 . 2014, to
reflect this change? a. No entry b. Debit a Prior Period Adjustment account for $4,800 and credit accumulated depreciation for $4,800. c. Debit Retained Earnings for $4,800 and credit accumulated depreciation for $4,800. d. Debit Depreciation Expense for $4,800 and credit Accumulated Depreciation for $4,800.
Define social media
What will be an ideal response?
If one of Billy's machines breaks down, it usually results in about 6 hours of downtime. When this happens, Billy's profits are reduced by:
A) $15. B) $18. C) $25. D) $35.
Pat's Pen Co manufacturers and sells an inexpensive ball-point pen. Salley's Stationery purchases the pens for $.25 each in quantities of 1,000 . Salley's discovered that a national chain, a competitor of Salley's, buys the pen at $.20 for 1,000 . If Salley's Stationery sues Pat's Pen Co for price discrimination:
a. Pat's Pen Co. will win if it can prove that it has been selling to the national chain continuously at the cheaper rate. b. Pat's Pen Co. will win if it can prove that it did not intend to economically harm Salley's Stationery. c. Salley's Stationery will win unless Pat's Pen Co. can justify the price differential. d. Salley's Stationery will win since price discrimination is a per se violation with no real defenses.