Which of the following is the first step in an efficient,effective research process?

A) Understand the subject to develop insightful questions
B) Search for areas with critical gaps in data
C) Conduct a general online search and redefine it after reviewing results
D) Use a variety of search terms
E) Enter keywords into a search engine to search corporate sites

An agreement for sale includes the right to retake possession if the person buying the land fails to pay installments.

In the direct write-off method, writing off an account causes:

A) a decrease in expense and an increase in an asset.
B) an increase in expense and a decrease in an asset.
C) a decrease in the Allowance account and a decrease in expense.
D) an increase in Accounts Receivable and a decrease to revenue.

Byron Limited estimated the net present value of future cash flows from specialised equipment acquired under a business combination to be $120 000. A replacement cost for the equipment is estimated to be $132 000. The equipment has been independently appraised at a value of $122 000. A similar item of equipment cost the acquirer $118 000 last year. What is the value for recognition of the equipment under a business combination?

A) $118 000.
B) $122 000.
C) $120 000.
D) $132 000.

Sari puts $100 into an account with an interest rate of 10 percent. According to the rule of 70, about how much does she have at the end of 21 years?

A) $210
B) $300
C) $800
D) $1,010

if the exponents in the production function were 0.30 for x₁ and 0.20 for x₂, this production function would exhibit (constant, increasing, decreasing) returns to scale and (would, would not) have diminishing technical rate of substitution.

A) decreasing, would not
B) constant, would not
C) increasing, would
D) constant, would
E) decreasing, would