When the estimate based on analysis of receivables is used, income is reduced when a specific receivable is written off
Indicate whether the statement is true or false
False
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Which of the following is an advantage of activity–based costing systems over volume–based cost systems?
a. Activity based costing provides more accurate cost information than volume–based cost systems. b. Activity based costing is cheaper to implement than volume–based cost systems. c. Activity based costing provides allocates more than their fair share of overhead costs to low–volume products than volume–based cost systems. d. Activity based costing is easier to implement in companies that have relatively higher proportions of non–unit–level costs.
Which of the following statements is true about e-signatures?
A) Laws governing e-signatures are uniform throughout the country. B) E-signatures are not binding for contracts involving bank loans and brokerage accounts. C) The Electronic Signatures in Global and National Commerce Act (E-SIGN) specifies that a digital signature requires password authentication. D) The E-SIGN law makes e-signatures binding and allows consumers and businesses to sign contracts online.
Roger's Manufacturing, Inc has contracted to sell certain goods to a company in Saudi Arabia. The price agreed upon for the goods is 250,00 . Saudi Arabian riyals. On the date the contract was signed, the Foreign Currency in dollars column in the
financial section of the local paper showed that the Saudi Arabian riyal was valued at .2267 . If the value of the Saudi Arabian riyal fell from .2267 to .200 . on the date of payment, compute how much Roger's Manufacturing, Inc lost by contracting in Saudi Arabian riyals instead of U.S. dollars.
The general public needs to develop a better understanding of the critical importance of ethics as they apply to IT; currently, too much emphasis has been placed on technical issues
a. True b. False Indicate whether the statement is true or false