George gave his great-grandfather's pocket watch to Nurse Nadene because he expected to die soon. This is
a. a testamentary gift.
b. an inter vivos gift.
c. an executed gift.
d. a gift causa mortis.
d
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Regina Manufacturing uses the FIFO method of process costing. The production report for the Curing Department, where the materials are added at the beginning of the period, for September was as follows: In process, beginning of the period 3,00 . units Stage of completion 30 % Transferred to stockroom during period 12,00 . units In process, end of the period 6,00 . units Stage of completion 40 %
The number of units started and completed during the period was: a. 12,000 b. 9,000 c. 15,000 d. 6,000
If a company constructs a laboratory building to be used as a research and development facility, the cost of the laboratory building is matched against earnings as
a. research and development expense in the period(s) of construction. b. depreciation deducted as part of research and development costs. c. depreciation or immediate write-off depending on company policy. d. an expense at such time as productive research and development has been obtained from the facility.
Souza Inc., which produces and sells a single product, has provided its contribution format income statement for October. Sales (4,000 units)$88,000Variable expenses 40,000Contribution margin 48,000Fixed expenses 41,700Net operating income$6,300If the company sells 3,600 units, its total contribution margin should be closest to:
A. $39,200 B. $48,000 C. $43,200 D. $5,670
Jullian fails to make her monthly loan payment to the bank. She is said to be in denial.
Answer the following statement true (T) or false (F)