Marketing intermediaries supply resources needed by a company to produce its goods and services

Indicate whether the statement is true or false


FALSE

Business

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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, 2016 and was used 2,700 hours in 2016 and 2,600 hours in 2017. Refer to the information about Norwood, Inc What amount will Norwood, Inc report as depreciation expense over the 8-year life of

the equipment? a. $60,000 b. $72,000 c. $75,000 d. $80,000

Business

Define the terms FIFO and LIFO.

What will be an ideal response?

Business

The most frequently used source of funds for start-ups is:

A. bank loans. B. credit cards. C. SBA loans. D. the entrepreneur's personal funds.

Business

The completion time having the highest probability best defines

A) preferred time. B) pessimistic time. C) most likely time. D) optimistic time.

Business