Which of the following is inventory?
A. Tangible property held for sale in the normal course of business.
B. Raw materials and work in process.
C. Office supplies that a company plans to use in the next few months.
D. Equipment used to manufacture products which will be sold later.
Answer: A
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According to the Shannon-Weaver communication model, the sender transmits a message through a ______.
A. communication channel B. message funnel C. transcript pathway D. neurolinguistic channel
A tenancy for years terminates automatically, without notice, on the expiration of the stated term
Indicate whether the statement is true or false
Neptune Accounting Services expects its accountants to work for 24,000 direct labor hours per year
The company's estimated total indirect costs are $225,000. The direct labor rate is $70 per hour. The company uses direct labor hours as the allocation base for indirect costs. If Neptune performs a job requiring 30 hours of direct labor, what is the total job cost? (Round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.) A) $225,000 B) $281 C) $2,381 D) $2,100
Advantages of the direct response system for marketing life insurance include which of the following?
I. Advertising can be specifically directed to selected markets. II. Complex products can be easily sold. A) I only B) II only C) both I and II D) neither I nor II