If factory overhead costs are fairly consistent from month-to-month, the use of a predetermined overhead rate would be of limited value
Indicate whether the statement is true or false
true
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Which of the following segregation of duties is not required for the B/AR/CR business process controls to be effective?
a. price authorization and billing b. treasury and controllership c. bank reconciliation and cash receipts d. all of these are required for effective control
Describe the two basic cost-reducing approaches a company can take to become a low-cost provider in its industry.
What will be an ideal response?
Personal influence in marketing communications carries great weight when the ________
A) product being marketed is a convenience item B) purchase of the product is considered to be safe and risk-free C) product suggests something about the user's status or taste D) product being marketed is purchased on a frequent basis E) product or service in questions is used without being recommended by others
On January 1, Year 1, Golden Company purchased a new computer system for $50,000. Management estimates that the system will have a 5-year life and a salvage value of $7,500. Jane Golden, the company president, knows that the system can be depreciated using either the straight-line method or the double-declining-balance method. She is concerned as to the possible effect on various financial statement analyses if the company uses one method versus the other.Required: a) Indicate which method will have the larger negative effect (in other words, the less favorable effect) on each of the following ratios in Year 1: (1) Debt-to-equity ratio (2) Return-on-sales b) Indicate which method will have the larger negative effect on each of the following ratios in Year 4: (1) Debt-to-equity
ratio (2) Return-on-sales What will be an ideal response?