A data replication strategy where all data changes are data stamped and saved to secondary systems as the changes are happening is called:
a. mirror site
b. electronic vaulting
c. continuous data protection (CDP)
d. Dumping
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Q. 2) On January 1, 2011, the Pine River Paper Company purchased manufacturing equipment for 80,000. The equipment has a 4-year estimated useful life and a salvage value of 5,000. The company expects to use the equipment for 300,000 hours.
Actual hours the equipment was used are provided in the table below:
Year Hours
2011 100,000
2012 80,000
2013 50,000
2014 70,000
Required:
Calculate the depreciation expense for each year of the asset's life using:
1. the straight-line method,
2. the double-declining balance method, and
3. the activity (units of production) method.
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Q. 3) In preparing a bank reconciliation, the amount indicated by a credit memo for a note receivable collected by thebank is added to the balance per company's records.
a. True
b. False
Indicate whether the statement is true or false
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Q. 4) Brooke's Bike Company sold 3,780 worth of mountain bikes in June. Warranty expense is estimated to be 2 of sales. During June, Brooke's Bikes replaced two faulty parts under warranty. The parts cost a total of 100.
The warranty expense for June was ________.
A) 65.60
B) 75.60
C) 100
D) 175.60
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Q. 5) By January 31 of each year, employers must provide each employee with a Wage and Tax Statement called ____________________.
Fill in the blank(s) with correct word
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Q. 6) On July 31, Ace Electronics paid a cash dividend of 0.50 per share to common shareholders. There were 80,000 shares issued at the time. Ace held 5,000 shares of treasury stock. Ace also paid a dividend to preferred shareholders.
There were 1,000 shares of 6, 100 par preferred stock outstanding. What was the total dollar amount of the cash dividend?
What will be an ideal response?
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