FOB destination means that transportation charges are paid by the buyer
Indicate whether the statement is true or false
F
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Prowse Corporation is an oil well service company that measures its output by the number of wells serviced. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes. Fixed Element per Month Variable Element per Well ServicedRevenue $4,000Employee salaries and wages$43,800 $1,000Servicing materials $600Other expenses$38,200 ?A total of 42 wells were actually serviced during October.?The revenue in the company's flexible budget for October would have been closest to:
A. $168,000 B. $170,400 C. $148,000 D. $150,114
Sellers generally prefer to receive notes receivable rather than accounts receivable when the credit period is long and the receivable is for a large amount.
Answer the following statement true (T) or false (F)
Which of the following is most likely to increase spontaneously with an increase in sales??
A. ?Notes payable B. ?Long-term bonds C. ?Preferred stock D. ?Common stock E. ?Accounts payable
Air and water quality may be improving, but land pollution is still a serious problem in many areas.
Answer the following statement true (T) or false (F)