What is the essential element in determining who bears the risk of loss of goods?
A) The party producing the goods bears the risk of loss.
B) Risk of loss follows the cash in a transaction.
C) Contracts attempting to shift the risk of loss are void due to illegality.
D) The party with control over the goods bears the risk of loss.
D
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Through ________ pricing, a marketer pays for an advertisement based on how many times an advertisement appears on a webpage viewed by users
A) cost per impression B) cost per customer C) cost per order D) cost per click E) cost per conversion
Assume that a company uses direct labor hours as its allocation base for its production departments, A and B. Both departments use 20,000 direct labor hours. Budgeted factory overhead costs are $2,060,000 for Department A and $1,140,000 for Department B. What is the production department factory overhead rate for each department?
a. $57 and $103, respectively, per machine hour b. $80 per machine hour for both departments c. $160 per machine hour for both departments d. $103 and $57, respectively, per machine hour
It is best to list only the title and author on a long report's title page
Indicate whether this statement is true or false.
A company receives payment from one of its customers on August 5 for services performed on July 21. Which of the following entries would be recorded if the company uses accrual basis accounting?
A) Cash 1,000 Accounts Receivable 1,000 B) Salaries Expense 1,000 Cash 1,000 C) Cash 1,000 Service Revenue 1,000 D) Supplies 1,000 Cash 1,000