Commercial paper securities are unsecured promissory notes, issued by corporations, that mature in no more than 270 days
Indicate whether the statement is true or false
TRUE
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Instead of spending money on the purchase of data storage devices, a company can contract with a(n) _____ and have all or some of its files stored remotely on the provider's devices.
Fill in the blank(s) with the appropriate word(s).
Portofino Corporation uses the following activity rates from its activity-based costing to assign overhead costs to products:Activity Cost PoolsActivity RateSetting up batches$79.50per batchProcessing customer orders$71.31per customer orderAssembling products$7.06per assembly hourData concerning two products appear below: Product KJ22 Product KL37Number of batches69 12Number of customer orders20 9Number of assembly orders492 697How much overhead cost would be assigned to Product KJ22 using the activity-based costing system?
A. $10,385.22 B. $91,722.47 C. $157.87 D. $5,485.50 E. $16,640.87
National Safety Inc., an insurance firm, replaced its existing project management software with new software from another supplier. Since the new software has different features and abilities, National Safety has had to spend $10,000 on training its employees to use it. In this scenario, $10,000 represents National Safety's
A. switching cost. B. excise duty. C. octroi charge. D. opportunity cost.
You have decided that the correct course of action for you is to form a general partnership with your best friend, Ben. The two of you have known each other for several years and there is a high degree of trust and respect between you. Someone in your business class mentioned that you and Ben should probably develop a partnership agreement. Why is this a prudent course of action, and what is normally included in the partnership agreement?
What will be an ideal response?