Cash inflows from investing result from
a. decreases in liabilities.
b. increases in liabilities.
c. decreases in noncash assets.
d. increases in noncash assets.
C
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Echo Corporation plans to sell a small building to Nate, its 65% shareholder. The building was placed in service five years ago. An independent appraisal will be obtained to set the selling price at an appropriate market price, and a $50,000 gain is expected to result. The only asset previously sold by Echo was a stock investment five years ago which resulted in a $40,000 loss. If the sale of the building closes before year-end, the gain on the building will allow recognition of the capital loss carryover before it expires.
Answer the following statement true (T) or false (F)
The ________ is the computed longest time path(s) through a network
Fill in the blanks with correct word
Thomas Manufacturing produces a chemical pesticide and uses process costing
There are three processing departments-Mixing, Refining, and Packaging. On January 1, the Refining Department had 2,000 gallons of partially processed product in production. During January, 36,000 gallons were transferred in from the Mixing Department, and 31,000 gallons were completed and transferred out. At the end of the month, there were 7,000 gallons of partially processed product remaining in the Refining Department. See additional details below. Refining Department, beginning balance at January 1 Quantity: 2,000 units (partially processed) Cost: $15,600 of costs transferred in $1,600 of materials cost $4,500 of conversion cost $21,700 total account balance Costs added during January Cost of units transferred in $222,400 Direct materials cost $46,000 Conversion cost $93,750 Refining Department, ending balance at January 31 Quantity: 7,000 units (partially processed) Percent complete for materials cost: 85% Percent complete for conversion cost: 70% What was the cost per equivalent unit with respect to direct materials costs for the Refining Department in the month of January? Use the weighted-average method. (Round your calculations to the nearest cent.) A) $1.29 B) $2.74 C) $1.25 D) $6.80
The delivery of the seller's documents and draft to the nominated bank will constitute a complying presentation if:
a. the delivery of the documents is made within the time allowed and before the letter of credit expires. b. the goods shipped are of the quality described in the invoice. c. no discrepancies exist. d. Both a and c