Revising depreciation estimates does affect the amounts of depreciation expense recorded in past periods
Indicate whether the statement is true or false
False
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Luke Corporation is a manufacturer of home furnishings. Selected financial information about Luke is listed below: • Borrowed $850,000 from a bank. Purchased equipment for $210,000 in cash. • Purchase investments for $285,000. • Received dividends of $51,000 from an investment in Davis Corp • Paid dividends of $55,000. • Issued shares of preferred stock for $500,000. Repurchased
outstanding common shares using $100,000 in cash. • Purchased land for $100,000 cash. • Paid $36,000 interest expense on a bank loan. • Increased Inventories by $320,000 • Increased accounts receivable by $217,000. • Increased accounts payable $85,000. Use the above information to calculate Luke's: a. cash used or provided by investing activities b. cash used or provided by financing activities
Which type of communication is defined as the transmission of wordless cues between people?
A. oral B. nonverbal C. written D. electronic
List and elaborate on the critical elements marketers need to include in their connector lists
What will be an ideal response?
A company has two products: A1 and B2. It uses activity-based costing and has prepared the following analysis showing budgeted cost and activity for each of its three activity cost pools: Budgeted ActivityActivity Cost PoolBudgeted CostProduct A1Product B2Activity 1$48,000 1,200 4,800 Activity 2$63,000 2,240 4,760 Activity 3$80,000 7,200 800 Annual production and sales level of Product A1 is 8,480 units, and the annual production and sales level of Product B2 is 22,310 units. What is the approximate overhead cost per unit of Product A1 under activity-based costing?
A. $12.00 B. $9.00 C. $10.00 D. $4.00 E. $8.00