Which of the following statements best describes the term "revenues"?
a. Revenues represent an outflow of assets resulting from the sale of goods or services.
b. Revenues represent assets received from the sale of products or services.
c. Revenues represent assets used or consumed in the sale of products or services.
d. Revenues represent the dollar amount of bonds sold to the public.
b
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Your supervisor has told you that he wants to "get rid of Jane." Jane is a Hispanic female co-worker who is very bright and capable and hardworking. Your supervisor has asked you to document everything Jane does and says that will help build a case for termination. You should do as your supervisor tells you
Indicate whether the statement is true or false
Niles Corporation is a manufacturer that uses job-order costing. The company has supplied the following data for the just completed year: Beginning inventories: Raw materials$47,000 Work in process 20,000 Estimated total manufacturing overhead at the beginning of the year$646,250 Estimated direct labor-hours at the beginning of the year 47,000direct labor-hours Results of operations: Raw materials purchased on account$538,000 Raw materials (all direct) requisitioned for use in production$535,000 Direct labor cost$699,000 Actual direct labor-hours 37,000direct labor-hoursManufacturing overhead: Indirect labor cost$134,000 Other manufacturing overhead costs incurred$453,000 Cost of goods manufactured$1,568,000 How much is the ending balance in the Raw
Materials inventory account? A. $97,000 B. $47,000 C. $585,000 D. $50,000
Marco owns the following portfolio of stocks. What is the expected return on his portfolio?
A) 5.5% B) 6.6% C) 4.7% D) 8.0%
In DelCostello v. Teamsters, the Supreme Court held that the time limit for bringing a suit under Section 301 of the NLRA, alleging a breach of the duty of fair representation is _____ months.?
A) ?two B) ?three C) ?five D) ?six