Dan arranged for his bank to wire $50 on the first of each month to the YMCA. The money was to pay for his membership. In April, the bank wired $50 to Young Machine Company of America, instead of the YMCA. Which statement is correct?
a. Dan, the originator, is liable for the amount of the payment.
b. Dan's Bank is liable for the full amount of the payment.
c. The prior Bank is liable for the full amount of the payment.
d. Dan and the bank share liability for the amount of the payment.
b
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On March 31, 2018, Water Front, Inc. shows the following data on its balance sheet:
Assume that Water Front sells 1500 shares of treasury stock at $33 per share. What is total stockholders' equity after this transaction?
A) $6,940,500
B) $7,039,500
C) $6,979,500
D) $7,000,500
A work cell is required to make 200 computerized diagnostic assemblies (for installation into hybrid automobiles) each day. The cell currently works an eight hour shift, of which seven hours is available for productive work
What is takt time for this cell?
From the shareholders' perspective, a stock repurchase has a potential tax advantage over the
payment of a cash dividend. Indicate whether the statement is true or false
Fisher Corporation uses a predetermined overhead rate based on direct labor cost to apply manufacturing overhead to jobs. The following information about Fisher Corporation's Work in Process inventory account has been provided for the month of May: May 1 balance$26,000Debits During May: Direct Materials$40,000Direct Labor$50,000Manufacturing Overhead$37,500 During the month, Fisher Corporation's Work in Process inventory account was credited for $120,500, which represented the Cost of Goods Manufactured for the month. Only one job remained in process on May 31; this job had been charged with $9,600 of applied overhead cost. The amount of direct materials cost in the unfinished job would be:
A. $12,800 B. $23,400 C. $10,600 D. $16,700