The terms "cost tracing" and "cost allocation" may be used interchangeably because they mean the same thing.
Answer the following statement true (T) or false (F)
False
Assigning costs to the departments (cost objects) requires cost tracing and cost allocation. Direct costs can be easily traced to a cost object. Indirect costs cannot be easily traced to a cost object and, as such, are allocated.
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On November 1, 2017, McEwing, Inc declared a dividend of $5
00 per share. McEwing, Inc has 20,000 shares of common stock outstanding and no preferred stock. The date of record is November 15, and the payment date is November 30, 2017. Which of the following is the journal entry needed on November 30, 2017? A) Debit Cash Dividends $100,000, and credit Dividends Payable-Common $100,000. B) Debit Dividends Payable-Common $100,000, and credit Cash $100,000. C) Debit Cash $100,000, and credit Dividends Payable-Common $100,000. D) Debit Cash Dividends $100,000, and credit Cash $100,000.
The 80/20 rule is also called
a. The rule of thirds b. The fundraising pyramid c. Pareto’s principle d. Carnegie’s Gospel of Wealth e. The fundraising cycle
eBay is an example of
A) C2C e-commerce. B) B2B e-commerce. C) B2C e-commerce. D) M-commerce. E) P2P-commerce.
Which of the following is most likely to include user group development and execution of certain computer applications?
A. Database administration. B. End user computing. C. Telecommunication transmission systems. D. Electronic data interchange systems.