The first bank to receive a check for payment is the intermediary bank
Indicate whether the statement is true or false
False
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Nonresponse, while an issue in the research industry, is certainly not one of the major problems confronting the industry
Indicate whether the statement is true or false
How valuable a low-cost leader's cost advantage is depends on
A. the low-cost leader's ability to be the industry leader in manufacturing innovation so as to keep lowering its manufacturing costs. B. the aggressiveness with which the low-cost leader pursues converting the cost advantage into the absolute lowest possible costs. C. the leader's ability to combine the cost advantage with a reputation for good quality. D. how easy it is for the low-cost leader to gain the biggest market share. E. whether it is easy or inexpensive for rivals to copy the low-cost leader's methods or otherwise match its low costs.
Data on Gantry Company's direct labor costs are given below: Standard direct-labor hours 30,000 Actual direct-labor hours 29,000 Direct-labor efficiency variance-favorable$4,000 Direct-labor rate variance-favorable$5,800 Total direct labor payroll$110,200 What was Gantry's actual direct labor rate?
A. $5.80 B. $4.00 C. $3.60 D. $3.80
Which of the following describes the purpose of a common size financial statement?
A. Make comparisons between firms of different sizes B. Make comparisons between different time periods C. Make comparisons between firms of different sizes and between different time periods D. Compare the amount of common stock to other types of stock