A contract may have to be in writing to be enforceable even if its performance is possible within a year.
Answer the following statement true (T) or false (F)
True
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Canada carved out a NAFTA exception for
A. tariffs on lumber from the U.S. Northwest. B. imports of agricultural goods from Mexico. C. tariffs on fish from all of the Great Lakes. D. milk and cream tariffs from the U.S.
Verrett Corporation is a manufacturer that uses job-order costing. The company has supplied the following data for the just completed year: Raw materials purchased on account$475,000Raw materials (all direct) requisitioned for use in production$476,000Direct labor cost$640,000Manufacturing overhead: Indirect labor cost$174,000Other manufacturing overhead costs incurred$498,000Cost of goods manufactured$1,469,000Cost of goods sold (unadjusted)$1,430,000 What is the journal entry to record raw materials used in production?
A.
| Work in Process | 476,000 | |
| Raw Materials | 476,000 | |
B.
| Work in Process | 475,000 | |
| Raw Materials | 475,000 | |
C.
| Raw Materials | 475,000 | |
| Work in Process | 475,000 | |
D.
| Raw Materials | 476,000 | |
| Work in Process | 476,000 | |
What do data warehouses support?
A. OLAP. B. Analytical processing. C. OLTP. D. OLAP and analytical processing.
A firm has an outstanding 15-year convertible bond issue with a $1,000 par value and a stated annual interest rate of 7 percent. The bond is convertible into 50 shares of common stock which has a current market price of $25. A straight bond could have been sold with a 10 percent stated interest rate. The straight value of the bond is ________.
A) $1,328 B) $1,217 C) $972 D) $772