External users of accounting information make the strategic and operating decisions of a company.
Answer the following statement true (T) or false (F)
False
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________ is a process for resolving disagreements by taking them to a panel composed of representatives from the organization at the same levels as the people in the dispute.
A. Mediation B. Outplacement counseling C. Peer review D. Arbitration E. Carve-out
Which of the following is a type of trade barrier?
a. governmental laws and regulations b. export subsidies c. reduced tariffs d. exemptions from quality control
Time Bender Company makes watches and clocks. The following estimated data are available for the company's next fiscal year:Total direct labor costs: $1,700,000Total setup costs: $190,000?WatchesClocksExpected production800,000100,000Direct labor hours needed68,000 DLH17,000 DLHMachine setups needed1,000 setups1,000 setupsDetermine the setup cost per unit for the watches and the clocks if setup costs are assigned using a plantwide overhead rate based on direct labor hours. (Round to two decimal places.)
What will be an ideal response?
Which of the following is true regarding identification of the goods under Article 2?
a. Only the buyer can identify the goods. b. Identification of existing goods gives the buyer a special property right. c. Identification of fungible goods occurs when the seller separates the contracted units from the whole. d. All of these are correct.