Which of the following accounts is the most common example of cash basis accounting?
a. Personal checking account
b. Buildings account
c. Retained Earnings account
d. Prepaid Salary account
a
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Securitization is the process by which a bank sells a loan (which it made previously) to
A. investors. B. the government. C. other banks. D. depositors.
OrganicMeals Inc is an American firm that manufactures frozen, vegetarian burgers made from organic ingredients under the brand name VegDelite. The firm markets a core product, the Chipotle Veg Burger, under the VegDelite brand
After success of its core product, the firm adds other burgers under the VegDelite brand, such as the Crunchy Garden burger, the Vegan Special burger, and the Spicy Trip burger. In this example, OrganicMeals Inc uses which of the following strategies? A) a vertical brand-line extension strategy B) a horizontal brand-line extension strategy C) a new product-market brand extension strategy D) a cobranding strategy E) a product bundling strategy
One of the duties generally imposed on the principal by the common law is the duty to:
A. reimburse and indemnify. B. consult. C. account for funds and property. D. share profits and losses.
Aaron, Inc. estimates direct labor costs and manufacturing overhead costs for the coming year to be $750,000 and $550,000, respectively. Aaron allocates overhead costs based on machine hours. The estimated total labor hours and machine hours for the coming year are 18,000 hours and 7000 hours, respectively. What is the predetermined overhead allocation rate? (Round your answer to the nearest cent.)
A) $107.14 per machine hour B) $30.56 per labor hour C) $1.36 per labor hour D) $78.57 per machine hour