Volatile currency exchange rates do not have an impact on location decisions.

Answer the following statement true (T) or false (F)


False

Business

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A remittance advice generally would be recorded in which of the following pairs of data stores?

a. customer master data and accounts receivable master data b. sales event data and accounts receivable master data c. accounts receivable adjustments data and accounts receivable master data d. cash receipts data and accounts receivable master data

Business

After completing the preliminary phase of the review of internal control, the auditor decides not to rely on the system to restrict substantive procedures. Documentation may be limited to the auditor's:

A. basis for concluding that errors and fraud will be prevented. B. reasons for deciding not to extend the review. C. completed internal control questionnaire. D. understanding of the internal control.

Business

Standard Corporation has developed standard manufacturing overhead costs based on a capacity of 180,000 direct labor-hours (DLHs) as follows:Standard overhead costs per unit:Variable portion: 2 DLHs × $3 per DLH = $6Fixed portion: 2 DLHs × $5 per DLH = $10The following data pertain to operations in April:    Actual output 80,000unitsActual direct labor cost$644,000 Actual direct labor-hours worked 165,000DLHsVariable overhead cost incurred$518,000 Fixed overhead cost incurred$860,000 The fixed manufacturing overhead volume variance for April was:

A. $100,000 Favorable B. $60,000 Favorable C. $60,000 Unfavorable D. $100,000 Unfavorable

Business

________ provides the legal framework for our nation

A) Capitalism B) The U.S. Constitution C) The Declaration of Independence D) The free enterprise system

Business