On the income statement, freight-in is treated as an operating expense
Indicate whether the statement is true or false
False
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A product may be processed beyond the split-off point if management believes that
a. its marketability will be enhanced. b. the incremental cost of further processing will be less than the incremental revenue of further processing. c. the joint cost assigned to it is not already greater than its prospective selling price. d. both a and b.
Which sentence uses correlative conjunctions correctly?
A) ?Either she will take the job offer in Boston or Atlanta. B) ?She will take the job offer in either Boston or Atlanta. C) She will either take the job offer in Boston or Atlanta.
Leroy, an employee of Double Time, Inc, has gross salary for March of $4,000
The entire amount is under the OASDI limit of $117,000 and thus subject to FICA. He is also subject to federal income tax at a rate of 18%. Provide the journal entry to record salaries expense and payroll withholdings. (Assume a FICA-OASDI Tax of 6.2% and FICA-Medicare Tax of 1.45%.) What will be an ideal response
Donna runs a manufacturer's branch office. Which of the following must be true about the office's function?
A) It is a type of limited-function merchant wholesaler. B) It is also known as a rack jobber. C) It provides the same functions as cash-and-carry wholesalers. D) It carries no inventory. E) It has offices for sales representatives.