Dollar cost averaging consist of investing equal dollar amounts at regular intervals
Indicate whether the statement is true or false
TRUE
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Joe and Bob are both regional managers with the ABC company whose central corporate office is in Texas. They both have developed great new capabilities for their market and will implement them as soon as headquarters approves. Joe and Bob are employees of what kind of corporation?
a. Multinational b. Global c. National d. International
Which of the following would be an effective statement for a reply?
A) If you have any further questions, please do not hesitate to call me. B) To receive a complimentary copy of Software Magazine, call 555-2458. C) Thanks for your interest. D) I hope this information is of use to you. E) Please place your order right away to avoid losing out on this special offer.
Portside Watercraft uses a job order costing system. During one month Portside purchased $173,000 of raw materials on credit; issued materials to production of $164,000, of which $24,000 were indirect. Portside incurred a factory payroll cost of $95,000, of which $25,000 was indirect labor. Portside uses a predetermined overhead rate of 170% of direct labor cost. The journal entry to record the allocation of factory wages to production is:
A. Debit Factory Wages Payable $95,000; credit Cash $95,000. B. Debit Work in Process Inventory $70,000; debit Factory Overhead $25,000; credit Cash $95,000. C. Debit Work in Process Inventory $95,000; credit Factory Wages Payable $95,000. D. Debit Work in Process Inventory $70,000; debit Factory Overhead $25,000; credit Factory Wages Payable $95,000. E. Debit Work in Process Inventory $95,000; credit Cash $95,000.
A passive activity I. includes any trade or business in which a taxpayer does not materially participate. II. includes rentals of apartment buildings, rental houses, etc., where no significant personal services are involved
a. Only statement I is correct. b. Only statement II is correct. c. Both statements are correct. d. Neither statement is correct.