If a foreign government hires an American consulting firm to help the country's textile industry improve production operations, the contract is commercial, and if the foreign government refuses to pay, the consulting firm may sue the government in American courts

Indicate whether the statement is true or false


True

Business

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After journalizing adjusting entries, the amounts must be posted to the accounts in the general ledger

a. True b. False Indicate whether the statement is true or false

Business

According to Theodore Levitt, "segment simultaneity" refers to a trend wherein ________

A) the same segments are likely to show up in multiple national markets across the globe B) hundreds of different segments are likely to show up within a single national market C) the segments in two different national markets are never likely to have any similarities D) no two segments within a single national market show similarities in more than a certain number of attributes

Business

Paraquat Manufacturing produces a chemical herbicide and uses process costing. There are three processing departments—Mixing, Refining, and Packaging. On January 1, the first department—Mixing—had a zero beginning balance. During January, 42,000 gallons of chemicals were started into production. During the month, 34,000 gallons were completed, and 8000 remained in process, partially completed. In the Mixing Department, all direct materials are added at the beginning of the production process, and conversion costs are applied evenly throughout the process.

During January, the Mixing Department incurred $63,000 in direct materials costs and $240,000 in conversion costs. At the end of the month, the ending inventory in the Mixing Department was 60% complete with respect to conversion costs. First, calculate the equivalent units, then calculate the cost per equivalent unit, and then calculate the total cost of the product that was completed and transferred out during January. The weighted-average method is used. The total cost of product transferred out was ________. (Round any intermediate calculations two decimal places, and your final answer to the nearest dollar.) A) $51,000 B) $240,000 C) $303,000 D) $261,460

Business

________ is(are) the jargon, slang, and slogans used within the walls of an organization.

A. Language B. Symbols C. Values D. Rituals E. Beliefs

Business