If two creditors have a security interest in the same collateral, their priority is determined according to the "last in-first out" provision
Indicate whether the statement is true or false
False
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What is a bill of lading?
The primary purpose of measuring sales force productivity is to:
A) calculate the number of calls each salesperson makes every quarter B) compare the number of sales presentations each salesperson makes C) calculate the firm's total sales volume for a specific period of time D) analyze the profitability of each salesperson's sales volume E) assess the ratio of profits to sales for the sales force
What is the journal entry used to apply factory overhead of $7,650?
a. debit Work in Process $7,650; credit Factory Overhead $7,650 b. debit Factory Overhead $7,650; credit Work in Process $7,650 c. debit Work in Process $7,650; credit Materials $7,650 d. debit Work in Process $7,650; credit Wages Payable $7,650
Answer the following statement(s) true (T) or false (F)
1. Money market accounts normally require a minimum balance but are never covered by federal deposit insurance. 2. Series EE bond interest is exempt from state and local taxes. 3. The “rate of return” refers to interest earned upon previously earned interest. 4. The sticker price on an automobile accurately reflects the dealer’s cost. 5. In order to best negotiate a price on an automobile you should tell the salesperson exactly how much you want to pay per month.