Which of these is a direct cost associated with outsourcing?
A) direct material
B) direct labor
C) variable overhead
D) price from invoice
Answer: D
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While the major objective of the Federal income tax law is to raise revenue, social considerations and economic objectives also affect the tax law.
Answer the following statement true (T) or false (F)
Presentment of a note is
a. a demand for payment. b. required to be made on or before the due date. c. able to be done by mail, in person, or through a bank. d. all of these.
What is the foundation of inferential statistics?
a.Probability b.Linear algebra c.Mathematical proofs d.Algebra
On September 8, Alice paid $3,568 to Cheshire Co. to fulfill her promissory note agreement. Of the $3,568, $400 is interest. The journal entry Cheshire Co. will record is to:
A) debit Cash, $3,568; credit Note Receivable/Alice, $3,568. B) debit Cash, $3,568; credit Note Receivable/Alice, $3,168; credit Interest Revenue, $400. C) debit Note Receivable/Alice, $3,568; credit Cash $3,168; credit Interest Revenue, $400. D) debit Note Receivable/Alice, $3,568; credit Cash $3,568.