Company XYZ is considering replacing an old machine that is presently used in production, the following data is available: Old Machine New Machine Original Cost $60,000 $45,000 Current Age 10 Years 0 Book Value $25,000 - Disposal Value Now $8,000 - Disposal Value in 5 Years $2,000 $0 Annual Cash Operating Costs $12,000 $4,000 Which course of action is the least costly and by how much at the end of 5 years?

Greater concern for innovation and quality has shifted the job trend to using more broadly defined jobs. t/f

Scenario: you have advised the owner of bond's gym that the best thing to do would be to raise the price of a monthly membership. the owner wants to know what may happen once this price increase goes into effect. what will most likely occur after the price of a monthly membership increases? check all that apply. current members will pay more per month. the quantity demanded for memberships will decrease. the number of available memberships will increase. the owner will make more money. bond's gym will receive more membership applications.

Which of the following statements about cash basis accounting is true? a. it is more complicated than accrual basis accounting. b. the irs allows all types of corporations to use it. c. it follows gaap standards. d. it ensures the company always knows how much cash flow it has.