If a contract is fully performed by all parties to it, then it is presumed to have been ratified.?
Indicate whether the statement is true or false
True
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The amount of taxes and insurance incurred and paid for the plant of a manufacturing company should be debited to the Manufacturing Overhead account
Indicate whether the statement is true or false
Discuss background factors in the framework for international business negotiations. How would these factors be in an EM setting?
What will be an ideal response?
The following balance sheet information is provided for Patton Company: AssetsYear 2 Year 1Cash$3900? $3500? Accounts receivable 13,400? 15,400? Inventory$35,500? $42,500? Assuming Year 2 cost of goods sold is $379,000, what is the company's average days to sell inventory? (Use 365 days in a year. Do not round your intermediate calculations.)
A. 34.19 days B. 37.56 days C. 55.00 days D. 40.93 days
The Rowe Corporation uses a standard cost system in which it applies manufacturing overhead to units of product on the basis of standard machine-hours. During January, the company budgeted to incur $225,000 in manufacturing overhead cost and to operate at a denominator activity level of 25,000 machine-hours. At standard, each unit of finished product requires 3 machine-hours. The following cost and activity were recorded during January: Total actual manufacturing overhead cost incurred$217,750Units of product completed 8,000Actual machine-hours worked 23,000The amount of overhead cost that the company applied to Work in Process for January was:
A. $217,750 B. $221,600 C. $225,000 D. $216,000