Geographic information system (GIS) stores, views, and analyzes geographic data creating multidimensional charts or maps. For example, GIS are monitoring global warming by measuring the speed of glaciers melting in Canada, Greenland, and Antarctica.
Answer the following statement true (T) or false (F)
True
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On January 1, 2013, Petersen Corp sold a piece of equipment for $3,000 which it had used for several years. The equipment had cost $13,000, and its accumulated depreciation amounted to $9,000 at the time of the sale. What are the net effects on the accounting equation of selling the equipment?
a. Assets and Stockholders' Equity increase $1,000. b. Assets decrease and Stockholders' Equity increases $3,000. c. Assets and Stockholders' Equity decrease $1,000. d. Assets and Stockholders' Equity decrease $3,000.
When a word ends in y, always change the y to i and add es to form plurals
Indicate whether the statement is true or false.
The following is NOT a recommended way to use visuals: ____.
A. Keep your visuals simple by limiting each to a single message B. Include new ideas in a graphic to help them become clear C. Pictures, graphs, and images should make up most of your visual content D. If it takes someone more than five seconds to understand a visual, it is too complex
Gabuat Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price$106 Units in beginning inventory 0Units produced 2,600Units sold 2,200Units in ending inventory 400 Variable costs per unit: Direct materials$46Direct labor$28Variable manufacturing overhead$2Variable selling and administrative expense$7Fixed costs: Fixed manufacturing overhead$33,800Fixed selling and administrative expense$8,800 What is the total period cost for the month under the absorption costing?
A. $33,800 B. $8,800 C. $58,000 D. $24,200