Gulf Bank receives a check drawn by Hayward.The check is re¬ceived af¬ter the established "cutoff" hour. Payment can be postponed without dishonor
a. indefinitely.
b. under no circumstances.
c. for thirty days.
d. until the following business day.
D
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________ is an approach in which all the company's people are involved in constantly improving the quality of products, services, and business processes
A) Business intelligence B) Quality function deployment C) Total quality management D) Brand equity management E) Product positioning
An increase in productive processing time will increase
a. throughput. b. process yield. c. return on investment. d. productive capacity.
According to Beaver's univariate model, which one of the following ratios would be the least useful for forecasting financial failure?
a. Quick ratio b. Cash flow/total debt c. Net income/total assets d. Total debt/total assets
St. Vincent's, Inc., currently uses traditional costing procedures, applying $800,000 of overhead to products Beta and Zeta on the basis of direct labor hours. The company is considering a shift to activity-based costing and the creation of individual cost pools that will use direct labor hours (DLH), production setups (SU), and number of parts components (PC) as cost drivers. Data on the cost pools and respective driver volumes follow.ProductPool No.1 (Driver: DLH) Pool No. 2 (Driver: SU) Pool No. 3 (Driver: PC)Beta 1,200 45 2,250 Zeta 2,800 55 750 Pool Cost$160,000 $280,000 $360,000 The overhead cost allocated to Beta by using activity-based costing procedures would be:
A. $240,000. B. $444,000. C. $356,000. D. $560,000. E. None of the answers is correct.