Which of the following is not true about preparing a check?
a. The signature box should be defaced; b. All aspects of the check should be reviewed for correctness; c. The check stub should be completed; d. The written amount should be followed by a line to fill in any remaining space;
e. The check should be dated.
A
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In place of _____________, a worksheet is a useful device to help in the preparation of a statement of cash flows
Fill in the blank(s) with correct word
The statement of cash flows begin with revenues; for this reason, analysts often refer to revenue growth as "top-line" growth
Indicate whether the statement is true or false
Matilda contracts to buy a new wheelbarrow over the Internet from Hannah. Hannah promises to ship the wheelbarrow overnight via a common carrier. Matilda provides Hannah with a credit card number and incurs a charge. The common carrier makes numerous attempts to deliver at Matilda's residence (when Matilda is not home) and has not left the wheelbarrow because leaving a package without a signature
is against its policy. After four days Matilda demands a refund from Hannah. Has Hannah met her obligations in the contract? a. No, because the seller must tender the goods. b. No, if the common carrier failed to use due diligence. c. Yes, because Matilda and Hannah had a mutual agreement. d. Yes, because Hannah has made the goods available to Matilda via courier delivery.
Action Enterprises recently used 14,000 labor hours to produce 7,500 completed units. According to manufacturing specifications, each unit is anticipated to take two hours to complete. The company's actual payroll cost amounted to $158,200. If the standard labor cost per hour is $11, Action's labor rate variance is:
A. $4,200U. B. $4,300F. C. $4,300U. D. $4,000F. E. None of the answers is correct.