Pro-rata reinsurance coverage may be either facultative or treaty
Indicate whether the statement is true or false
TRUE
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Digital technology is fueling massive reintermediation, like when Apple, Sony, and Samsung released a stream of entertainment devices from smart phones to LED TVs and tablets
Indicate whether the statement is true or false
Flip charts and white boards are obsolete and have been replaced by electronic presentations
Indicate whether the statement is true or false
The term "war room" refers to a(n) ________
A) area in which members of a project work together, surrounded by tools to facilitate smooth collaboration B) room in which a company's management interacts with representatives of labor unions C) online space in which brainstorming sessions between interdepartmental teams take place D) online room in which new employees undertake orientation programs before getting on board
Steinberg Company had the following direct materials costs for the manufacturing of product T in March:
Actual purchase price per pound of direct materials$7.50 Standard direct materials allowed for units of product T produced 2,100poundsDecrease in direct materials inventory 100poundsDirect materials used in production 2,300poundsStandard price per pound of material$7.25 Required: 1. What was Steinberg's direct materials purchase-price variance and its direct materials usage variance for March? Indicate whether each variance was favorable (F) or unfavorable (U). 2. Prepare the appropriate journal entries for March