A fur dealer probably would use which of the following inventory methods?
a. Specific identification
b. FIFO
c. Average-cost
d. LIFO
A
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A contingent liability is best described as a(n)
A) current liability. B) probable liability. C) potential liability. D) estimated liability.
A ________ occurs when two business firms in separate countries arrange to borrow each other's currency for a specified period of time
A) natural hedge loan B) forward loan C) currency switch loan D) back-to-back loan
Morine Corporation is conducting a time-driven activity-based costing study in its Customer Service Department. The company has provided the following data to aid in that study:Morine CorporationCustomer Service DepartmentData InputsResource Data: Number of employees 11 Average salary per employee$36,720 Practical capacity per employee (in minutes) 102,000 ?Activity Data:Processing OrdersResolving QueriesProcessing Credit ReviewsMinutes per unit of the activity182446?Cost Object Data:All CustomersNumber of orders processed17,310Number of queries resolved12,600Number of credit reviews processed450?On the Capacity Analysis report in time-driven activity-based costing, the "unused capacity in number of employees" would be closest to:
A. 11.00 employees B. 6.22 employees C. (6.22) employees D. 4.78 employees
Nicole is a citizen and resident of Australia. She has a full-time job in Australia and has lived there with her family for the past 10 years. In 2017, Nicole came to the United States on business and stayed for 180 days. She came to the United States again on business in 2018 and stayed for 150 days. In 2019 she came back to the United States on business and stayed for 100 days. Does Nicole meet the U.S. statutory definition of a resident alien in 2019 under the substantial presence test?
What will be an ideal response?