Whether exchanging similar or dissimilar assets, accounting for the transaction is the same
Indicate whether the statement is true or false
True
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The board of directors of a corporation is responsible for all of the following except
a. arranging for major bank loans. b. authorizing contracts. c. carrying out the daily operations of the business. d. declaring dividends.
Which of the following is an example of how information about the services offered is part of the service environment?
a. asking a waiter about the specials b. seeing an advertisement banner on your computer for discount on hotel rooms c. seeing displayed awards and reviews a restaurant has received d. talking with locals about where the best cafes are
Underfoot Products uses standard costing. The following information about overhead was generated during May: Standard variable overhead rate $2 per machine hour Standard fixed overhead rate $1 per machine hour Actual variable overhead costs $390,000 Actual fixed overhead costs $175,000 Budgeted fixed overhead costs $190,000 Standard machine hours per unit produced 10 Good units produced 18,000
Actual machine hours 200,000 Compute the fixed overhead volume variance. a. $5,000 (U) b. $10,000 (U) c. $10,000 (F) d. $15,000 (F)
When factors such as climate, city, and population density are used as indicators, this is an example of which type of market segmentation?
a. demographic b. psychographic c. product d. geographic e. concentration