A self-executing treaty is one that automatically creates rights that are enforceable in the courts of a contracting nation, without any further legislative action
Indicate whether the statement is true or false
True
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The profit margin ratio reflects the amount of income for each dollar of sales
a. True b. False Indicate whether the statement is true or false
Bonkowski Corporation makes one product and has provided the following information to help prepare the master budget for the next four months of operations: Budgeted selling price per unit$97Budgeted unit sales (all on credit): January 10,000February 12,000March 13,300April 15,200? Raw materials requirement per unit of output 4poundsRaw materials cost$1.00per poundDirect labor requirement per unit of output 2.5direct labor-hoursDirect labor wage rate$23.00per direct labor-hourPredetermined overhead rate (all variable)$9.00per direct labor-hourVariable selling and administrative expense$3.10per unit soldFixed selling and administrative expense$70,000per month?Credit sales are collected: 30% in the month of the sale 70% in the following month?Raw materials
purchases are paid: 30% in the month of purchase 70% in the following month?The ending finished goods inventory should equal 30% of the following month's sales. The ending raw materials inventory should equal 10% of the following month's raw materials production needs.?The estimated finished goods inventory balance at the end of February is closest to: A. $89,775 B. $335,160 C. $281,295 D. $245,385
Congress enacted the federal ________, which makes it a federal crime to steal another's trade secrets.
A. the Sarbanes-Oxley Act B. the Lanham Act C. the Telecommunication Act D. the Economic Espionage Act
Managerial accounting information can be forwarded to the managers of a company quickly since external auditors do not have to review it, and estimates and projections are acceptable.
Answer the following statement true (T) or false (F)