With which of the following payment mechanisms is it the case that once the seller has accepted the credit, the customer cannot alter or cancel it without the seller's consent?
A. Irrevocable letter of credit
B. Documentary draft
C. Consignment
D. Bank collection time draft
E. Open account
Answer: A
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Each new iPod product introduction advances the causes of democratizing technology and approachable innovation. iPod, an expert at fostering customer community, has been ranked one of the Breakaway Brands by the brand consultancy Landor Associates
iPod is positioned on ________. A) attributes B) benefits C) variation D) selection E) values
Scholars describe ______ as a useful strategy for sharing information with others that occurs gradually over time as trust is established in a relationship.
a. self-realization b. self-identity c. self-disclosure d. self-actualization
The Quadrangle Fabrication Plant suffered a fire incident at the beginning of the year, which resulted in the loss of property including the accounting records
Some data for the year were retrieved, and extracts from it are shown below: Total manufacturing overhead costs estimated at the beginning of the year $104,560 Total direct labor costs estimated at the beginning of the year $186,000 Total direct labor hours estimated at the beginning of the year 3,300 direct labor hours Actual manufacturing overhead costs for the year $99,700 Actual direct labor costs for the year $150,000 Actual direct labor hours for the year 2,100 direct labor hours The company's manufacturing overhead allocation is based on direct labor hours. How much manufacturing overhead was allocated to production during the year? (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.) A) $104,560 B) $66,528 C) $164,309 D) $186,000
Highlite Corporation uses the weighted-average method in its process costing. The following data pertain to its Formulation Department for November.Units in process, November 1: materials 85% complete, conversion 75% complete700Units started into production during November5,500Units completed and transferred to the next department4,700Units in process, November 30: materials 70% complete, conversion 25% complete1,500Required:Determine the equivalent units of production for materials and conversion costs for the Formulation Department for November using the weighted-average method.
What will be an ideal response?