The predetermined overhead allocation rate is an estimated overhead cost per unit of the allocation base and is calculated at the beginning of the accounting period
Indicate whether the statement is true or false
TRUE
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Which of the following is not true?
a. Acquisition cost for a merchandising firm includes the costs incurred to purchase and transport the inventory prior to sale. b. Acquisition cost for a manufacturing firm includes the direct material, direct labor, and manufacturing overhead cost to produce the inventory. c. If the market values of inventory items decline below acquisition cost prior to sale, firms must reduce their balance sheet carrying values using the lower of cost or market method. d. U.S. GAAP uses a combination of replacement cost and net realizable values to measure market value. e. U.S. GAAP and IFRS permits firms to remeasure inventories upward when market value exceeds acquisition cost.
Which of the following salutations should you use in a cover letter when you cannot determine the name of the person who will interview you?
A) Dear Sir B) Dear Human Resources Manager C) To Whom It May Concern D) Madam or Sir
Which communication style tends to be used by an effective, active listener who states limits and expectations and does not label or judge people or events?
A. aggressive B. assertive C. passive D. direct
Emmy Lou, Inc. has an expected dividend next year of $5.60 per share, a growth rate of dividends of 10 percent, and a required return of 20 percent. The value of a share of Emmy Lou, Inc.'s common stock is ________
A) $28.00 B) $56.00 C) $22.40 D) $18.67