Which of the following is not an example of explicit knowledge?
A. Trademark
B. Marketing research
C. Employee opinion
D. Patent
Answer: C
You might also like to view...
Which of the following is a use of audit documentation?
a. Assisting the engagement team in planning and performing the audit. b. Assisting members of the engagement team responsible for supervising and reviewing the audit work. c. Retaining a record of matters of continuing significance to future audits of the same organization. d. All of the above.
Which of the following accounts is not found in closing entries?
a. Dividends b. Income Summary c. Retained Earnings d. Accumulated Depreciation–Equipment
Austria, the United Kingdom, the United States and Switzerland all are ________ cultures.
A. specific B. diffuse C. neutral D. emotional
Fulton Township is studying a 700-acre site for a new landfill. The new site will save $70,000 in annual operating costs for 10 years, as Fulton currently uses the landfill of a neighboring municipality. Other data are: Purchase price per acre: $550Site preparation costs: $110,000Hurdle rate: 6%Ignore income taxes.YearFV of $1 at 6%FV of an ordinary annuity at 6% PV of $1 at 6%PV of an ordinary annuity at 6% 11.0601.0000.9430.94321.1242.0600.8901.83331.1913.1840.8402.67341.2634.3750.7923.46551.3385.6370.7474.21261.4196.9750.7054.91771.5048.3940.6655.58281.5949.8980.6276.21091.69011.4910.5926.802101.79113.1810.5587.360
Required:A. Use the
net-present-value method and determine whether the landfill should be acquired.B. Determine the landfill's approximate internal rate of return, using the tables above. What will be an ideal response?