An assignment for consideration is irrevocable
a. True
b. False
Indicate whether the statement is true or false
True
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Liabilities are established with debits and eliminated with credits
Indicate whether the statement is true or false
Sea Company reports the following information regarding its production cost.Units produced 42,000unitsDirect labor$35per unitDirect materials$28per unitVariable overhead$17per unitFixed overhead$105,000in totalCompute the product cost per unit under variable costing.
A. $82.50 B. $80.00 C. $35.00 D. $63.00 E. $28.00
The annual interest earned on an amount deposited into a bank account will increase each year when simple interest is used
Indicate whether the statement is true or false
The most expensive management function for a nonprofit organization is ______.
A. planning B. marketing C. research and development D. human resources management