Sophie issues a promissory note made "payable to the order of Molly." Molly indorses the note by signing her name and gives the note to Dana. Which of the following is correct?
a. Sophie issued a bearer instrument and Molly kept it in bearer form.
b. Sophie issued an order instrument, but Molly changed it to bearer form.
c. Sophie issued an order instrument and Molly kept it in order form.
d. Sophie issued a bearer instrument and Molly changed it to bearer form.
b
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Which of the following is not a normal edit test as part of computerized control for checks?
a. Field checks. b. Self-checking digits. c. Cross-references. d. Reasonableness tests.
How can a supervisor respond to the barrier of information overload?
What will be an ideal response?
Tierman Incorporated makes a single product-a cooling coil used in commercial refrigerators. The company has a standard cost system in which it applies overhead to this product based on the standard machine-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Budgeted fixed manufacturing overhead$221,700 Budgeted production (a) 15,000unitsStandard hours per unit (b) 2.00machine-hoursBudgeted hours (a) × (b) 30,000machine-hours Actual production (a) 17,000unitsStandard hours per unit (b) 2.00machine-hoursStandard hours allowed for the actual production (a) × (b) 34,000machine-hoursActual fixed manufacturing overhead$207,700 The fixed overhead volume variance is: (Round your intermediate calculations to 2
decimal places.) A. $29,560 U B. $29,560 F C. $43,560 F D. $43,560 U
Case (A) Case (B) Case (C)Beginning Balance (BB)$36,520 $15,100 $5,600 Ending Balance (EB) ? 11,400 12,200 Transferred In (TI) 166,200 ? 68,400 Transferred Out (TO) 164,400 93,200 ? For Case (A) above, what is the Ending Balance (EB)?
A. $34,720. B. $38,320. C. $36,520. D. $36,920.