Carlos has just entered a networking event and looks around the room. Which of the following groups would indicate that Carlos could easily enter the group and make a contribution?
a. a medium-size group that is engaged in the talk of an obviously knowledgeable person
b. a small group that is standing with shoulders apart and glancing occasionally to see who is in the room
c. a small group that is actively discussing a topic
d. a group of two people taking turns talking and are standing apart; occasionally, they interrupt each other to interject their opinion
b. a small group that is standing with shoulders apart and glancing occasionally to see who is in the room
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In periods of falling prices, LIFO will result in a higher ending inventory valuation than FIFO
Indicate whether the statement is true or false
Assume that on October 1, a note which has a face value of $2,000, bears interest at 6 percent for 90 days, received from a customer as an extension of his past-due account is honored on its due date. The entry that would be made to record the receipt on due date is:
A) Notes Receivable 2,000Cash 2,000 B) Accounts Receivable 2,000Interest Revenue 30Cash 2,030 C) Accounts Receivable 2,030 Notes Receivable 2,030 D) Cash 2,030Interest Revenue 30Notes Receivable 2,000
It's okay to begin with a salutation like, "Hi, Brent."
a. true b. false
Wheeler Company can produce a product that incurs the following costs per unit: direct materials, $10; direct labor, $24, and overhead, $16. An outside supplier has offered to sell the product to Wheeler for $45. If Wheeler buys from the supplier, it will still incur 45% of its overhead cost. Compute the net incremental cost or savings of buying.
A. $4.00 cost per unit. B. $2.20 cost per unit. C. $3.80 cost per unit. D. $2.20 savings per unit. E. $4.00 savings per unit.