Outsourcing has seen a huge increase because of the ________
A) increase in decentralization
B) increase in the use of cloud computing
C) increase in advertising costs
D) decrease in telecommunication costs
E) decrease in the cost of raw materials
D
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If cost of goods sold under FIFO was $8,000 and was $10,000 under LIFO, assuming a tax rate of 40%, how much tax savings resulted from using LIFO?
a. $ 1,200 b. $ 800 c. $ 2,000 d. There would be no tax savings.
Conversion costs include materials, direct labor, and factory overhead
Indicate whether the statement is true or false
Refer to the following selected financial information from Texas Electronics. Compute the company's days' sales in inventory for Year 2. (Use 365 days a year.) Year 2 Year 1Cash$37,500 $36,850 Short-term investments 90,000 90,000 Accounts receivable, net 85,500 86,250 Merchandise inventory 121,000 117,000 Prepaid expenses 12,100 13,500 Plant assets 388,000 392,000 Accounts payable 113,400 111,750 Net sales 711,000 706,000 Cost of goods sold 390,000 385,500
A. 42.3. B. 46.2. C. 113.2. D. 80.0. E. 43.9.
A business corporation files the articles of incorporation with which government agency?
a. Occupational Safety and Health Agency (OSHA) b. Securities and Exchange Commission (SEC) c. Internal Revenue Service (IRS) d. State secretary of state