If the U.S. Supreme Court denies a writ of certiorari, it means
I. The court did not feel the case was important enough to review.
II. The decision of the lower court is correct.
III. The decision of the circuit court of appeals is effectively reversed.
IV. The Supreme Court has agreed to hear the case
a. Only statement I is correct.
b. Statements I and II are correct.
c. Statements II and IV are correct.
d. Only statement III is correct.
e. Statements I, III, and IV are correct.
a
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Carin is a manager who likes to delegate important tasks to capable employees and allows them to make most of the key decisions related to those tasks. Carin is focused on fostering ______ among her employees.
Fill in the blank(s) with the appropriate word(s).
Cara Company purchased a vehicle for $23,000, and estimated its useful life to be 8 years and its salvage value to be $4,000. After 6 years of straight-line depreciation, Cara decided to do a major overhaul at a cost of $9,500, which are expected to extend the life of the vehicle by 5 years beyond the original estimate. The new estimated salvage value is $2,000. The depreciation expense in year 7 equals:
A) $ 2,464 B) $ 2,321 C) $ 2,035 D) $ 1,893. E) $ 1,750