A counteroffer is a rejection of the original offer

Indicate whether the statement is true or false


TRUE

Business

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A lessor has an account, Equipment Leased to Others, and the related account, Accumulated Depreciation: Equipment Leased to Others, on its year-end balance sheet. How should the lease related to these accounts be classified?

A) operating lease B) direct financing lease C) sales-type lease D) leveraged lease

Business

Lee Maritime Company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor

Lee uses standard costs to prepare its flexible budget. For the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follows: Direct materials: 2 pounds per unit; $3 per pound Direct labor: 4 hours per unit; $14 per hour Lee produced 5,000 units during the quarter. At the end of the quarter, an examination of the labor costs records showed that the company used 30,000 direct labor hours and actual total direct labor costs were $375,000. What is the direct labor cost variance? (Round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.) A) $45,000 Favorable B) $280,000 Favorable C) $280,000 Unfavorable D) $45,000 Unfavorable

Business

The checks and balances in the U.S. Constitution prevent any one branch of government from exercising too much power

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

Business

Sherrill Pullman is 18 years of age and is a new employee of Camicero Bank in Hendersonville, Tennessee. What is the minimum hourly wage that she may receive during the first 90 days of employment?

What will be an ideal response?

Business