If a mortgage is not recorded, the creditor is still protected, at least as it concerns the debtor's obligation to pay
Indicate whether the statement is true or false
T
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Which of the following items are included as an operating activity on the statement of cash flows, using the direct method?
A) purchase of treasury stock B) payment of dividends C) issuance of stock D) payment of interest expense
Home Products, Inc., is planning the introduction of a new food dryer. To compete effectively, the dryer would have to be priced at no more than $40 per unit. An investment of $600,000 would have to be made in order to produce and sell the new dryer. The company requires a return on investment of at least 25% on new products. Assuming that the company expects to produce and sell 30,000 dryers per year, the target cost per dryer would be closest to:
A. $24.67 B. $35.00 C. $20.00 D. $18.00
A partner who pursues his or her own interests automatically violates the partner's fiduciary duties to the partnership.
Answer the following statement true (T) or false (F)
Murie Corporation makes one product and has provided the following information: Budgeted selling price per unit$98per unit soldBudgeted unit sales, February 11,000unitsRaw materials requirement per unit of output 5poundsRaw materials cost$3.00per poundDirect labor requirement per unit of output 2.5direct labor-hoursDirect labor wage rate$18.00per direct labor-hourPredetermined overhead rate (all variable)$11.00per direct labor-hourVariable selling and administrative expense$2.70per unit soldFixed selling and administrative expense$80,000per month?The estimated net operating income (loss) for February is closest to:
A. $85,800 B. $35,500 C. $5,800 D. $42,000