Credit terms of 1/5, net 15 should be interpreted as granting:
A) a 1/5 percent discount for payments within 15 days.
B) a five percent discount for next day payments.
C) a total credit period of 20 days.
D) a credit period of 10 days.
E) a one percent discount for payments received within five days.
E) a one percent discount for payments received within five days.
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When a company that is performing R&D activities is acquired by another company, the acquiring company must allocate a portion of the purchase price to the R&D activities that are purchased, creating an intangible asset called
A) ?intangible development. B) ?in-process research and development. C) ?goodwill. D) ?start-up costs.
Paraquat Manufacturing produces a chemical herbicide and uses process costing. There are three processing departments—Mixing, Refining, and Packaging. On January 1, the first department—Mixing—had a zero beginning balance. During January, 42,000 gallons of chemicals were started into production. During the month, 34,000 gallons were completed, and 8000 remained in process, partially completed. In the Mixing Department, all direct materials are added at the beginning of the production process, and conversion costs are applied evenly throughout the process.
During January, the Mixing Department incurred $63,000 in direct materials costs and $240,000 in conversion costs. At the end of the month, the ending inventory in the Mixing Department was 60% complete with respect to conversion costs. First, calculate the equivalent units, then calculate the cost per equivalent unit, and then calculate the total cost of the product that was completed and transferred out during January. The weighted-average method is used. The total cost of product transferred out was ________. (Round any intermediate calculations two decimal places, and your final answer to the nearest dollar.) A) $51,000 B) $240,000 C) $303,000 D) $261,460
Answer the following statements true (T) or false (F)
1. Gender and ethnic biases can be common implicit prejudices. 2. In the global study measuring different components of cheating, there is a strong positive correlation between cheating and the level of corruption in a country. 3. Copying information from journal articles and generic sources such as Wikipedia without stating the source is allowable behavior. 4. Trust within an organization reinforces and encourages delegation of decisions, mutual concern, and whistle-blowing
Situational reports are only generated once
Indicate whether the statement is true or false