More than 80% of all employers offering 401(k) plans match a portion or all of an employee's contributions

Indicate whether the statement is true or false.


Answer: TRUE

Business

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The success of accounting as a form of communication depends on two concepts, ____________________ and ____________________

Fill in the blank(s) with correct word

Business

Car n' Truck Body & Paint Company orders custom paint from Diverse Hues Inc, but Diverse does not deliver. Car n' Truck will probably be unable to enforce the agreement if the parties omitted

a. a price term. b. a payment term. c. a quantity term. d. shipping arrangements.

Business

An example of language creating a suretyship as meant under the statute of frauds would be the following: "If my business partner does not write out the check for the supply bill for our company, I will."

Indicate whether the statement is true or false

Business

Florek Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on the following data: ?Total direct labor-hours10,000?Total fixed manufacturing overhead cost$31,000?Variable manufacturing overhead per direct labor-hour$2.50Required:a. Calculate the estimated total manufacturing overhead for the year.b. Calculate the predetermined overhead rate for the year.

What will be an ideal response?

Business