Paying an account payable increases liabilities and decreases assets
Indicate whether the statement is true or false
False
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If a company produces three products and production capacity is unlimited, If it can sell only 3,000 of each product, the company should produce the product that has the highest
a. contribution per hour of machine time. b. sales price per unit. c. contribution per unit. d. gross margin per unit.
To level a net single premium (NSP), the NSP is divided by
A) the maximum number of years the premium could be paid. B) the ordinary life annuity factor for the premium payment period. C) the present value of a life annuity due of $1 for the premium payment period. D) the deferred life annuity factor for the premium payment period.
Abel Corporation uses activity-based costing. The company makes two products: Product A and Product B. The annual production and sales of Product A is 200 units and of Product B is 400 units. There are three activity cost pools, with total cost and activity as follows:Total ActivityActivity Cost PoolsTotal CostProduct AProduct BTotalActivity 1$16,660600100700Activity 2$18,4501,1007001,800Activity 3$9,73160160220The cost per unit of Product B is closest to:
A. $74.73 B. $17.69 C. $81.53 D. $41.58
Taxpayers can file a Form 1040 if they file using which of the following:
A. Married filing jointly. B. Head of household. C. Married filing separately. D. All of the above