A piece of personal property affixed to real property is called a ________.
Fill in the blank(s) with the appropriate word(s).
fixture
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Answer the following statements true (T) or false (F)
1. If the amount of the petty cash fund is decreased, the Petty Cash Fund account should be credited. 2. Atlas Service Company decides to increase the amount of the petty cash fund from $350 to $800. A journal entry must be made to debit the Cash account and credit the Petty Cash account for $450. 3. The only time the Petty Cash account is used in a journal entry is when the account is established, increased, or decreased. 4. For each petty cash payment, the custodian prepares a petty cash ticket.
When speaking to an audience composed of people from diverse cultures, speakers may consider adjusting their ______ preferences
a. topical b. organizational c. speech d. stylistic
Goods in transit shipped FOB destination should not be included in the buyer's ending inventory
Indicate whether the statement is true or false
Opal Manufacturing Company established the following standard price and cost information: Sales price$50per unitVariable manufacturing cost 32per unitFixed manufacturing cost$100,000totalFixed selling and administrative cost$40,000total Opal expected to produce and sell 25,000 units. Actual production and sales amounted to 26,500 units.Required:(a) Determine the sales volume variances, including variances for number of units, sales revenue, variable manufacturing cost, fixed manufacturing cost, and fixed selling and administrative cost. (b) Classify the variances as favorable (F) or unfavorable (U). (c) Comment on the usefulness of the variances with respect to performance evaluation. (d) Explain why the fixed cost variances are zero.
What will be an ideal response?