A point of etiquette to keep in mind when sending e-mail is that
a. rules of etiquette do not apply to e-mail.
b. the way in which you send a message tells something about you.
c. using line justification is a heavy insult.
d. salutations such as "Dear ____________" are now regarded as
b. the way in which you send a message tells something about you.
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Which of the following disclosures is not required by current GAAP for investments in securities?
A) the proceeds from sales and the gross realized gains and losses from the sale of available-for-sale securities. B) the circumstances leading to the decision to sell or transfer a trading security. C) the contractual maturities of held-to-maturity debt securities. D) the change in net unrealized holding gain or loss that is included in each income statement for trading securities.
Which internal control is not an important part of the payroll system?
a. Supervisors verify the accuracy of employee time cards. b. Paychecks are distributed by an independent paymaster. c. Accounts payable verifies the accuracy of the payroll register before transferring payroll funds to the general checking accounting. d. General ledger reconciles the labor distribution summary and the payroll disbursement voucher.
Virginia borrowed money from G & L Lending at 35% interest per year. The state maximum interest rate is 20% per year. Virginia defaulted on the loan. What amount can G& L collect from Virginia?
a. G & L will be able to collect the principal plus 20% interest per year. b. G & L will be able to collect the principal but not any interest. c. G & L will not be able to collect either the principal or interest. d. Any one of the above may be correct. The answer depends on the particular state law.
A batch process is less flexible than a production line and less efficient that a job shop
Indicate whether the statement is true or false.