If you see someone standing alone at a networking event, you should _______________.
a. leave the person alone
b. hand him or her your business card and walk away
c. not approach until you see someone else do so
d. approach him or her and try to strike up a conversation
d. approach him or her and try to strike up a conversation
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The rate which credit customers pay their bills has no effect on the cash received from sales during an accounting period
a. True b. False Indicate whether the statement is true or false
Using attribute sampling the auditor can test for multiple attributes using the same source documents
a. True b. False Indicate whether the statement is true or false
Which of the following is a potential negative factor for foreign investment in China?
A. China has imported fewer goods from the United States each year for the past decade. B. China's population is aging and is likely to continue to do so for many years. C. China drastically restricts the goods it allows U.S. companies to export to China. D. Chinese consumers are not interested in purchasing products from the United States. E. China's standard of living has dropped over the past 30 years.
Bryans Corporation has provided the following data for its two most recent years of operation: Selling price per unit$53Manufacturing costs: Variable manufacturing cost per unit produced: Direct materials$13Direct labor$6Variable manufacturing overhead$5Fixed manufacturing overhead per year$63,000 Selling and administrative expenses: Variable selling and administrative expense per unit sold$4Fixed selling and administrative expense per year$71,000 Year 1 Year 2Units in beginning inventory0 3,000Units produced9,000 7,000Units sold6,000 7,000Units in ending inventory3,000 3,0000 The unit product cost under variable costing in Year 1 is closest to:
A. $31.00 B. $28.00 C. $35.00 D. $24.00