Federal Express and International Business Machines (IBM) are examples of:
A) overt names
B) implied names
C) conceptual names
D) iconoclastic names
B
You might also like to view...
Prayer Corporation has two production departments, Machining and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Machining Department's predetermined overhead rate is based on machine-hours and the Customizing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: MachiningCustomizingMachine-hours 19,000 13,000Direct labor-hours 1,000 8,000Total fixed manufacturing overhead cost$110,200$68,800Variable manufacturing overhead per machine-hour$2.00 Variable manufacturing overhead per direct labor-hour $3.60The estimated total manufacturing overhead for the Machining Department is closest to:
A. $148,200 B. $299,725 C. $38,000 D. $110,200
How is operating profit margin percent calculated?
A. Divide operating profit by net sales B. Cost of goods sold divided by gross sales C. Net sales multiplied by gross margin D. Gross margin divided by net sales E. Add operating and interest expenses together and divide by gross sales
Which statement is correct about terminating the interview?
A) Any spontaneous comments the respondent offers after the formal questions have been asked should be recorded. B) The interviewer should answer the respondent's questions about the project. C) The respondent should be left with a positive feeling about the interview. D) All of the above statements are correct.
A company uses the percent of sales method to determine its bad debts expense. At the end of the current year, the company's unadjusted trial balance reported the following selected amounts: Accounts receivable$365,000?debitAllowance for uncollectible accounts 600?debitNet Sales 810,000?credit All sales are made on credit. Based on past experience, the company estimates that 0.4% of net credit sales are uncollectible. What amount should be debited to Bad Debts Expense when the year-end adjusting entry is prepared?
A. $3240 B. $3840 C. $860 D. $2060 E. $2640