The legally protected rights and interests that a person has in anything of established value subject to ownership is
A. accession.
B. commonwealth.
C. property.
D. a bailee’s lien.
Answer: C
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A balance sheet shows cash, $75,000; marketable securities, $115,000; accounts receivable, $150,000 and $222,500 of inventories. Current liabilities are $225,000 . The current ratio is 2.5 to 1
a. True b. False Indicate whether the statement is true or false
Black Inc. has introduced a formal mentoring program for its employees. Which of the following is necessary to make the program a success?
A. The purpose of the program is not specified; activities and programs to complete are developed as the relationships grow. B. Formal mentoring and protégé participation are made mandatory. C. The mentor-protégé matching process limits the ability of informal relationships to develop. D. The length of the program is not specified. E. Protégés are encouraged to contact one another to discuss problems and share achievements.
Standard laptop and desktop computers cannot be included as telecommunication devices
Indicate whether the statement is true or false
Based on the following, what is the total direct materials variance?
A) $150 U B) $300 F C) $150 F D) $300 U