According to the terms of Diego's will, specific gifts are made, and taxes and other es¬tate expenses and debts are paid. The assets of Diego's estate that remain are most likely to be distributed
a. by codicil.
b. holographically.
c. per capita.
d. through a residuary clause.
D
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Calvin Corp was organized on January 1 to operate a taxi service. For each of the following business activities, please indicate whether it is a financing (F), investing (I) or operating (O) activity. A. Issued shares of stock to each of the five
owners. B. Purchased five automobiles to use as taxis. C. Paid the first month's rent for a garage. D. Obtained a loan from the bank. E. Received cash from a customer for a 10-mile taxi ride. F. Paid the drivers wages for the first week. G. Purchased a fueling station to install at the garage (includes a 500 gallon tank). H. Declared and paid cash dividends to the owners after the first month's operations. I. Paid cash to repair the brakes on one of the taxis. J. Bought land for a future taxi office.
______ states that goals should fall somewhere in the middle in terms of difficulty (just right) in order to be achievable.
What will be an ideal response?
Pattern Corporation uses the FIFO method in its process costing. The following data pertain to its Cutting Department for August. Percent Complete UnitsMaterialsConversionWork-in-process, August 1 500 50% 45%Units started into production during August 8,100 Units completed during August and transferred to the next department 7,200 Work-in-process, August 31 1,400 75% 30%Required:Compute the equivalent units of production for both materials and conversion costs for the Cutting Department for August using the FIFO method.
What will be an ideal response?
In the economic order quantity model, ordering at the economic order quantity level implies that ______.
A. the total ordering and holding costs are equal B. the total ordering costs are higher than the total holding costs C. the total ordering costs are lower than the total holding costs D. the total ordering costs are not equal to the total holding costs