Analytical symptoms for unrecorded notes and mortgages payable include which of the following?
a. Significant increases in recorded debt
b. Unreasonable relationships between interest expense and recorded liabilities
c. Recorded amounts of notes payable, mortgages payable, and other debts that appear to be too high
d. Significant sales of assets with not much cash flow
b
FEEDBACK: a. Incorrect.
b. Correct.
c. Incorrect.
d. Incorrect.
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Daniel is assessing his company's portfolio of products. One of them is the best-selling brand of mayonnaise, although this is now a slow-growing market. If Daniel uses the BCG matrix, he would classify this product as a
A. star. B. cloud. C. question mark. D. cash cow. E. dog.
Fidelity Stereo Company has provided the following information regarding its activity-based costing system:
? Purchasing department costs are allocated based on purchase orders, and the predetermined overhead allocation rate is $77 per purchase order. ? Assembly department costs are allocated based on the number of parts used, and the predetermined overhead allocation rate is $5 per part. ? Packaging department costs are allocated based on the number of units produced, and the predetermined overhead allocation rate is $4 per unit produced. Each stereo produced has 50 parts, and the direct materials cost per unit is $70. There are no direct labor costs. Fidelity Stereo has an order for 1200 stereos, which will require 45 purchase orders in all. What is the total cost for the 1200 stereos? A) $392,265 B) $307,950 C) $303,465 D) $388,800
Answer the following statements true (T) or false (F)
Under comprehensive allocation, the tax liability is equal to the income expense for the period.
Stores such as Bass Pro Shops focus their attention on consumers who like to fish, hunt, and pursue other outdoor activities. This represents the form of segmentation called ________ segmentation.
Fill in the blank(s) with the appropriate word(s).