Activity-based costing may be used to charge selling and administrative expenses to:

a. types of products sold.
b. sales offices.
c. sales persons.
d. All of the above.


d

Business

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Gerardo Rogers is conducting a review of the payroll files for each employee at Meejo Games. Which of the following items must be present in the file? (Select all that apply.)

What will be an ideal response?

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How is the fair value allocation of an intangible asset allocated to expense when the asset has no legal, regulatory, contractual, competitive, economic, or other factors that limit its life?

A. No amortization over an indefinite period time. B. Equally over 20 years. C. Equally over 20 years with an annual impairment review. D. Equally over 40 years. E. No amortization, but annually reviewed for impairment and adjusted accordingly.

Business

cross-training

What will be an ideal response?

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Ramon purchased 5,000 pounds of coffee from Quick Jump Coffee. The coffee was to be delivered on September 1. Since the contract included a date for performance, time is of the essence and the delivery date is strictly enforceable.

a. true b. false

Business