If the buyer bears the freight costs related to a purchase, the terms are said to be FOB destination
Indicate whether the statement is true or false
False
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A volunteer program manager is a member of the baby boom generation but realizes management styles may need to be adjusted when working with younger volunteers. The program manager is applying which best practice recommended by Denhardt? Managers ______.
A. should make the work satisfying B. do not have to work with younger volunteers C. should participate in setting clear and challenging goals D. should be reflective and proactive about their own motivation
Component parts usually require much processing to get them ready for assembly.
Answer the following statement true (T) or false (F)
Equipment costing $400,000 with accumulated depreciation of $260,000 is sold at a gain of $10,000. This implies that $150,000 cash was received from the sale.
Answer the following statement true (T) or false (F)
The International Students Club at Eastern University recently held an end-of-year dinner and swim party, which the treasurer declared to be a financial success. "Attendance was an all-time high, 60 members, and the results were much better than expected." The treasurer presented the following performance report at the executive board's June meeting:?BudgetActualVarianceRevenue$1,575$2,205$630FFood$675$870$195UBeverages315480165UDisc jockey15017525UFacility rental200200--- Total costs$1,340$1,725$385U Profit$235$480$245FThe budget was based on the assumptions that follow.· Forty-five members would attend at a fixed ticket price of $35.· Food and beverage costs were anticipated to be $15 and $7 per attendee, respectively.· A disc jockey was hired via a written contract at $50 per
hour.Required: A. Briefly evaluate the meaningfulness of the treasurer's performance report.B. Prepare a performance report by using flexible budgeting and determine whether the end-of-year party was as successful as originally reported.C. Based on your answer in requirement "B," present a possible explanation for the variances in revenue, food costs, beverage costs, and the disc jockey. What will be an ideal response?