A creditor can obtain the property of a debtor:
a. if the debtor and creditor sign a negotiable instrument agreement b. through operation of law
c. if the debtor enters into such an arrangement
d. if the debtor and creditor sign a negotiable instrument agreement and through operation of law e. through operation of law and if the debtor enters into such an arrangement
e
You might also like to view...
Differentiation provides lower margins that enable a firm to deal with supplier power.
Answer the following statement true (T) or false (F)
360-degree evaluation and feedback systems address many of the limitations of traditional approaches of evaluating human capital.
Answer the following statement true (T) or false (F)
The time value of money is explicitly recognized through the process of
a. interpolating. b. discounting. c. annuitizing. d. budgeting.
The predetermined overhead rate for Shilling Manufacturing is based on estimated direct labor costs of $350,000 and estimated factory overhead of $770,000. Actual costs incurred were:Direct materials.........................................................................$475,000Direct labor...............................................................................347,000Indirect materials......................................................................78,000Indirect labor.............................................................................143,500Sales commissions....................................................................150,000Factory depreciation..................................................................260,000Property taxes,
factory..............................................................35,000Factory utilities.........................................................................65,000Advertising................................................................................62,500Factory supervision...................................................................185,000a. Calculate the predetermined overhead rate and calculate the overhead applied during the year.b. Prepare the journal entry to eliminate the over- or underapplied overhead, assuming that it is not material in amount. What will be an ideal response?