On January 1, a machine with a useful life of five years and a residual value of $3,000 is purchased for $15,000 . What is the depreciation expense in year 3 under straight-line depreciation?

Employees of Fannie Mae, a financial company, are complaining that the pay is unfair and gossiping with each other about it, hurting morale and productivity.

a) The company managers should reprimand the critics and tell them to get back to work. b) The company should survey the market value of each job and show employees the results, demonstrating that the pay is market-based. c) Managers should speak to the loss of productivity but ignore the gossip. Managers should expect those who feel strongest to leave the company.

A table of random numbers must be normally distributed and efficiently generated

Indicate whether this statement is true or false.