Which of the following is true of payment procedures?
A. Up-front cash payment is a risk to the customers.
B. Providing credit to customers is a risk to the customers.
C. A documentary draft involves only two parties-the company and the customer.
D. A letter of credit can be exercised only with specified shipping documents.
Answer: A
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When you transcribe or rewrite your notes from an interview, you
a. prepare for an interview. b. conduct an interview. c. conduct a post-interview review. d. conduct secondary research.
Gage Company reports the following information for its first year of operations:Units produced this year 7,000unitsUnits sold this year 6,500unitsDirect materials$22per unitDirect labor$30per unitVariable overhead ?in totalFixed overhead$56,000in totalIf the company's cost per unit of finished goods using variable costing is $63, what is total variable overhead?
A. $19,500 B. $21,000 C. $77,000 D. $16,590 E. $71,500
The concept of ________ holds that only a person unaware of his or her own identity can make a truly ethical decision.
A. the "veil of ignorance" B. "strategic philosophy" C. the "light of day" principle D. a transcendent education E. the "sunshine" ethical framework
What are the consequences of a defective incorporation?