Which of the following correctly describes the term cost driver?
A) the inflation rate that causes costs to rise
B) the average inventory costs incurred at any point of time
C) the primary factor that causes a cost to be incurred
D) the total material, labor, and overhead costs of a completed job
C
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All intangible assets must be amortized each year
Indicate whether the statement is true or false
Equipment was acquired for $210,000 and has accumulated depreciation of$93,000
The business exchanges this equipment for new equipment. The new equipment has a market value of $304,000 and the business pays $52,000 cash. Assume the exchange has commercial substance. The exchange results in ________. A) loss $135,000 B) gain $187,000 C) gain $135,000 D) loss $187,000
Authority for prohibiting or curtailing exports is vested in:
a. the President. b. Congress. c. the Department of Commerce. d. the US Trade Representative.
Tracy is covered by a group dental insurance plan at work. At her latest check-up, the dentist notes that she needed crowns on two teeth
Under her plan, if the cost of dental work will exceed $500, the dentist submits the treatment plan to the insurer to calculate what the plan will cover and what the employee will pay. This provision is known as a A) mandatory second opinion. B) underwriting review. C) predetermination of benefits. D) claims audit.