Debits will increase Unearned Revenues and Revenues
Indicate whether the statement is true or false
False
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A hotel porter overhears a guest crying because she left a pair of newly purchased shoes at the counter of a retail store some blocks away. The porter volunteers to pick up and deliver the guest's new shoes in time for her to wear them to the banquet at 7 p.m. The porter is trying to make the service encounter memorable. This type of action is in response to what service theme?
Fill in the blank(s) with the appropriate word(s).
Global Products produces and sells limited edition decorative plates. The company's controller has the following information available from the static budget of one of the product lines for the month of April: Estimated production 2,000 units Direct material per unit 10 ounces Direct material cost per unit $.25 per ounce Actual production during April was 1,900 units and actual direct materials
cost was $4,940. If the company prepares a flexible budget for April, the projected direct materials cost would be: A) $5,200 B) $4,940 C) $5,000 D) $4,750
At a procurement site, competition among sellers is likely to increase.
Answer the following statement true (T) or false (F)
International Exports, L.P., is a limited partnership, with $100,000 in declared but unpaid profits. International's creditors include Friendly Credit Corporation for $5,000 and Gwen, one of International's limited partners, also for $5,000. When Harry, one of International's general partners, decides to retire, the other general partners vote to liquidate and dissolve the firm. The limited partners, who are not asked their opinions, want International to continue in business and file a suit against the general partners to compel this result. Can the court order International to continue? If not, what is the priority of the distribution of International's assets on its dissolution?
What will be an ideal response?