That electronic contracts containing electronic signatures are just as enforceable as those printed on paper is a statement made by a federal statute called the:
A. Global Anti-Semitism Review Act of 2004.
B. Digital Millennium Copyright Act of 1998.
C. Electronic Signatures in Global and National Commerce Act of 2000.
D. Sherman Antitrust Act of 1890.
Answer: C
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A distinguishing factor about utilities is that generally their services are not duplicated by another firm
Indicate whether the statement is true or false
Cleveland Choppers manufactures two types of motorcycles, a Base and a Loaded model. The following activity and costs have been gathered:ProductNumber ofComponentsNumber ofSetupsNumber ofDirect Labor HrsBase 15 20 700 Loaded 25 40 600 Overhead costs$27,000 $22,500 The number of components and number of setups are chosen as activity-cost drivers for overhead. Assuming an ABC costing system is being used, what is the total overhead cost assigned to the Loaded model?
A. $34,050. B. $31,875. C. $36,000. D. $28,125. E. $31,125.
The unadjusted trial balance at year-end for a company that uses the percent of receivables method to determine its bad debts expense reports the following selected amounts: Accounts receivable$437,000?DebitAllowance for Doubtful Accounts 1270?DebitNet Sales 2,120,000?CreditAll sales are made on credit. Based on past experience, the company estimates 2.5% of ending account receivable to be uncollectible. What adjusting entry should the company make at the end of the current year to record its estimated bad debts expense?
A. Debit Bad Debts Expense $5300; credit Allowance for Doubtful Accounts $5300. B. Debit Bad Debts Expense $15,300; credit Allowance for Doubtful Accounts $15,300. C. Debit Bad Debts Expense $9655; credit Allowance for Doubtful Accounts $9655. D. Debit Bad Debts Expense $12,195; credit Allowance for Doubtful Accounts $12,195. E. Debit Bad Debts Expense $10,925; credit Allowance for Doubtful Accounts $10,925.
Saxena Corporation makes a product that has the following direct labor standards: Standard direct labor-hours 0.1hours per unitStandard direct labor rate$15.00per hourStandard cost$1.50per unitThe company budgeted for production of 2,900 units in July, but actual production was 2,800 units. The company used 250 direct labor-hours to produce this output. The actual direct labor rate was $14.10 per hour.The labor efficiency variance for July is:
A. $423 F B. $423 U C. $450 U D. $450 F