Dag obtains from Expedient Insurance Company a policy that provides Dag has thirty days after a premium's due date to pay it before the policy will be canceled. This is
A. an antilapse clause.
B. an arbitration clause.
C. an appraisal clause.
D. an incontestability clause.
Answer: A
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Pyro Electronics was the only supplier of Torin Auto, and both companies wanted to do more business together. Pyro Electronics worked on its total quality management system and acquired more business, while Torin developed a just-in-time inventory management system to deliver goods timely to Pyro Electronics. Pyro Electronics and Torin have developed a ________.
A. strategic partnership B. hierarchical relationship C. functional relationship D. market exchange alliance E. relational partnership
Coat-All Paint Company used a predetermined overhead allocation rate to allocate $80,000 and $50,000 of indirect costs to the Coloring Department and the Mixing Department, respectively. The journal entry to record the allocation of overhead costs to the Coloring Department is ________. Process costing is used.
A) debit Manufacturing Overhead, $80,000; credit Work-in-Process Inventory—Mixing, $80,000 B) debit Work-in-Process Inventory—Coloring, $80,000; credit Manufacturing Overhead, $80,000 C) debit Work-in-Process Inventory—Coloring, $50,000; credit Manufacturing Overhead, $50,000 D) debit Manufacturing Overhead, $50,000; credit Work-in-Process Inventory—Mixing, $50,000
Which of the following statements is supported by the equity theory?
A. Inequity causes dissatisfaction. B. Equity causes people to be dissatisfied with their treatment. C. Assessments of equity are usually made objectively. D. If outcome to input ratio is equivalent, people will be dissatisfied. E. Equity will result in an effort to restore balance.
You should use the active voice most of the time
Indicate whether the statement is true or false