The unconditional obligation of the buyer to pay the draft on the date due is a consequence of:
a. the draft being a sight draft.
b. the buyer's trade acceptance.
c. the draft being negotiable.
d. the application of UCP 600.
b
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Unlike GAAP, IFRS encourage the disclosure of all of the following except
A) reconciliation of net income to operating cash flows when the direct method is used in the cash flow statement. B) undrawn borrowing capacity available for operating activities. C) separation of cash flows that increase operating capacity from those that maintain operating capacity. D) operating, investing, and financing activities by segment.
The best management style for a manager undertaking a business turnaround is a bunker mentality.
Answer the following statement true (T) or false (F)
Which of the following statements is true of the Landrum Griffin Act of 1959?
A. It stated that unions should include featherbedding provisions in labor contracts that require employers to pay for services that are not performed. B. It authorized unions to negotiate "hot cargo" agreements with the management. C. It allowed unions to coerce employees who do not want to participate in union activities to ensure maximum participation. D. It included the secondary boycott as an unfair labor practice.
Bellucci Corporation has provided the following information: Cost per UnitCost per Period??Direct materials$7.10 ??Direct labor$3.95 ??Variable manufacturing overhead$1.75 ??Fixed manufacturing overhead $105,300??Sales commissions$1.00 ??Variable administrative expense$0.50 ??Fixed selling and administrative expense $36,450??? The incremental manufacturing cost that the company will incur if it increases production from 9,000 to 9,001 units is closest to (assume that the increase is within the relevant range):
A. $26.75 B. $24.50 C. $12.80 D. $30.05