A promise or order is payable at a definite time if it is payable:
a. at a time readily ascertainable at the time the promise or order is issued.
b. at a fixed date or dates.
c. at a definite period of time after sight or acceptance.
d. All of these.
d
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In a responsibility accounting system, costs are classified into categories on the basis of
a. fixed and variable costs. b. prime and overhead costs. c. administrative and nonadministrative costs. d. controllable and noncontrollable costs.
The management of Hamano Corporation would like for you to analyze their repair costs, which are listed below: Machine-HoursRepair CostsApril4,459 $98,523May4,426 $98,296June4,493 $98,781July4,417 $98,207August4,432 $98,349September4,446 $98,420October4,489 $98,749November4,475 $98,654Management believes that repair cost is a mixed cost that depends on the number of machine-hours. Using the least-squares regression method, the estimates of the variable and fixed components of repair cost would be closest to:
A. $22.11 per machine-hour plus $98,497 per month B. $8.19 per machine-hour plus $62,015 per month C. $7.37 per machine-hour plus $65,670 per month D. $7.55 per machine-hour plus $64,859 per month
The double-declining-balance method is an accelerated depreciation method
Indicate whether the statement is true or false
Which sentence is correctly punctuated?
A) Our marketing manager is concerned with the financing and the delivery and the installation of our product. B) Our marketing manager is concerned with the financing, and the delivery, and the installation of our product. C) Our marketing manager is concerned with the financing, and the delivery and the installation of our product.