The air mode of transportation is ideal when ______.
A. the delivery speed or reliability is critical
B. the goods to be transported have a low value-to-weight ratio
C. the quantity of goods to be transported is high
D. the goods to be transported are hazardous in nature
A. the delivery speed or reliability is critical
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Which of the following is a disadvantage of using email?
A) Email is universal. B) Email messages can include emoticons for added depth of meaning. C) Email allows for instantaneous responses. D) Email allows users to be selective about who they send a message to. E) Email allows for low value messages to be sent to multiple recipients.
Marco Insurance acquired shares of Penny Systems' common stock on December 28, 2013, for $400,000 and classified them as trading securities. The fair value of these securities on December 31, 2013, was $402,000 . Marco Insurance sold these shares on January 3, 2014, for $405,000. (Refer to the Marco Insurance) The journal entries to record the sale of trading securities at a gain on January 3,
2014 . a. Cash.................................................................405,000 Marketable Securities.................................................402,000 Realized Gain on Sale of Trading Securities.................3,000 b. Marketable Securities.................................... 402,000 Realized Gain on Sale of Trading Securities...... 3,000 Cash.......................................................................... 405,000 c. Cash.............................................................. 405,000 Marketable Securities................................................ 402,000 Unrealized Gain on Sale of Trading Securities............. 3,000 d. Marketable Securities.......................................402,000 Unrealized Gain on Sale of Trading Securities....3,000 Cash......................................................................... 405,000 e. Cash................................................................ 405,000 Marketable Securities.................................................402,000 Realized Gain on Sale of Securities Held to Maturity........................................ 3,000
Under which of the following types of misrepresentation is the innocent party usually not able
to rescind a contract? A) Silence as misrepresentation B) Innocent misrepresentation C) Fraud in the inception D) Misrepresentation of law E) Fraud in the inducement
Pacheo Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price$55Units in beginning inventory 500Units produced 3,100Units sold 3,300Units in ending inventory 300Variable costs per unit: Direct materials$19Direct labor$26Variable manufacturing overhead$1Variable selling and administrative expense$4Fixed costs: Fixed manufacturing overhead$12,400Fixed selling and administrative expense$3,300 The company produces the same number of units every month, although the sales in units vary from month to month. The company's variable costs per unit and total fixed costs have been constant from month to month. Required:a. What is the unit product cost for the month under variable costing?b. Prepare a
contribution format income statement for the month using variable costing.c. Without preparing an income statement, determine the absorption costing net operating income for the month. (Hint: Use the reconciliation method.) What will be an ideal response?