Which of the following is FALSE concerning readability level?
a. A readability level of 10 means that a person would need to be able to read at the tenth-grade level to understand the material.
b. The two factors that affect the readability level are the number of words in the passage and the complexity of the sentences.
c. Many word processing programs calculate readability measures automatically.
d. The writer should use feedback on readability level to revise appropriately.
B
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Exhibit 9-2 In 2015, the Magtag Company sold 16,000 ovens. Magtag estimated that 14% of the machines would require repairs under the two-year assurance-type warranty at an average cost of $60. During 2015, Magtag had an actual outlay of $62,000 for repairs under warranty. Magtag uses the GAAP approach of accruing warranty expense (and the related liability) in the year of the sale. Refer to
Exhibit 9-2. At what amount should the company record warranty expense for 2015? A) $42,000 B) $62,000 C) $134,400 D) $116,000
Assuming that the performance obligation is satisfied over time, Construction in Progress represents inventory that is valued at
A) accrued cost. B) incurred cost. C) lower of cost or market. D) net realizable value.
Request for proposal (RFPs) usually are unnecessary for straight repurchase situations
Indicate whether the statement is true or false
How do career experiences affect the characteristics and competencies of leaders?
What will be an ideal response?