One advantage of optimistic locking is that the lock is obtained only after the transaction is processed
Indicate whether the statement is true or false
TRUE
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Rent, electricity, and executive salaries that do not vary with production or sales level are referred to as ________ costs
A) fixed B) variable C) break-even D) target E) promotional
Kostelnik Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on total fixed manufacturing overhead cost of $237,000, variable manufacturing overhead of $3.90 per machine-hour, and 30,000 machine-hours. The company has provided the following data concerning Job A496 which was recently completed:Number of units in the job20Total machine-hours80Direct materials$ 500Direct labor cost$ 2,160If the company marks up its unit product costs by 40% then the selling price for a unit in Job A496 is closest to:
A. $186.20 B. $252.28 C. $272.28 D. $72.08
All of the following statements regarding accounting for trading securities under U.S. GAAP are true except:
A) The entire portfolio of trading securities is reported at fair value. B) An unrealized gain or loss from a change in fair value is reported on the income statement. C) A realized gain or loss is recorded when the securities are sold and reported on the income statement. D) When the period-end fair value adjustment for the portfolio of trading securities is computed, it includes the cost and fair value of any securities sold. E) Any prior period fair value adjustment to the portfolio is not used to compute the gain or loss from sale of individual transactions.
In the context of business ethics, a ________ perspective is the evaluation of the degree to which the observed customs, attitudes, and rules within a business can be said to be ethical.
What will be an ideal response?