X12 standards serve as a common business language allowing all EDI trading partners to communicate electronically with one another

Indicate whether the statement is true or false


TRUE

Business

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For available-for-sale equity securities, the Allowance to Adjust Long-Term Investments to Market account should be reported as a(n)

A) realized loss item on the income statement. B) prior period adjustment. C) contra-asset on the balance sheet. D) other comprehensive income (loss)

Business

Text messaging should not be used for which of the following business messages?

a. An efficient delivery of a sales message. b. A quick and silent updating message to a colleague in a meeting. c. A confirmation of an appointment to a coworker on a business trip. d. A less emotional way to tell a subordinate he did not receive a desired promotion.

Business

Wade Company is operating at 75% of its manufacturing capacity of 140,000 product units per year. A customer has offered to buy an additional 20,000 units at $32 each and sell them outside the country so as not to compete with Wade. The following data are available:Costs at 75% capacity:Per Unit TotalDirect materials$12.00  $1,260,000 Direct labor 9.00   945,000 Overhead (fixed and variable) 15.00   1,575,000 Totals$36.00  $3,780,000     In producing 20,000 additional units, fixed overhead costs would remain at their current level but incremental variable overhead costs of $6 per unit would be incurred. What is the effect on income if Wade accepts this order?

A. Income will increase by $5 per unit. B. Income will increase by $4 per unit. C. Income will decrease by $5 per unit. D. Income will increase by $11 per unit. E. Income will decrease by $4 per unit.

Business

When formulating a linear programming spreadsheet model, there is one target (objective) cell that contains the value of the objective function

a. True b. False Indicate whether the statement is true or false

Business