Discharge by performance is the least common method of discharging a contract
Indicate whether the statement is true or false
false
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Business and technical professionals should take pains to use English that is easily understood and ________________
a. always brief b. discourages misinterpretation c. to put everything in writing d. to learn local languages
A company uses a process costing system. Its Welding Department completed and transferred out 100,000 units during the current period. The ending inventory in the Welding Department consists of 30,000 units (75% complete with respect to direct materials and 40% complete with respect to conversion costs). Determine the equivalent units of production for the Welding Department for direct materials and conversion costs assuming the weighted average method.
A. 122,500 materials; 112,000 conversion. B. 112,500 materials; 130,000 conversion. C. 130,000 materials; 112,000 conversion. D. 130,000 materials; 130,000 conversion. E. 107,500 materials; 118,000 conversion.
Edison Inc. has annual sales of $41,610,000, or $114,000 a day on a 365-day basis. The firm's cost of goods sold are 75% of sales. On average, the company has $9,000,000 in inventory and $8,000,000 in accounts receivable. The firm is looking for ways to shorten its cash conversion cycle. Its CFO has proposed new policies that would result in a 20% reduction in both average inventories and accounts receivable. She also anticipates that these policies would reduce sales by 10%, while the payables deferral period would remain unchanged at 35 days. What effect would these policies have on the company's cash conversion cycle? Do not round intermediate calculations. Round to the nearest whole day.
A. -16 days B. -21 days C. -17 days D. -19 days E. -22 days
Use Form 1040EZ to calculate the tax due for Dale Couturiaux. He is a single student who earned $17,200 in wages and $450 in bonuses. Dale has no exemptions other than himself. Assume his standard deduction is $5,450 and a single exemption is $3,500
a. $891 b. $906 c. $884 d. $886