Which of the following terms best describes the assumption made in applying the four inventory methods?
A) Cost flow
B) Goods flow
C) Asset flow
D) Physical flow
A
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Tad is really interested in the new transfer student from a college in another state. During a class they have together, he is constantly watching her to see how she looks, he mannerisms, and her interest in the class lecture. In doing this, Tad is missing out on the lecture himself and is taking very poor notes. This is an example of which of the following?
A. the figure-ground principle B. uncertainty reduction theory C. social identity model of de-individuation effects D. gender prescriptions
When Mohammed was hired by Pomico, Inc, he signed the following agreement, "Upon termination of my employment with Pomico, I agree not to work for a competing company within 20 miles of Pomico's headquarters for one year." This agreement, important to protecting secret information developed in the employer's business, is
a. an unenforceable exculpatory agreement. b. an unenforceable usurious agreement. c. an enforceable bailment agreement. d. an enforceable agreement not to compete.
Cull Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on total fixed manufacturing overhead cost of $462,000, variable manufacturing overhead of $2.20 per machine-hour, and 60,000 machine-hours. The company has provided the following data concerning Job X455 which was recently completed:Number of units in the job20Total machine-hours80Direct materials$940Direct labor cost$2,240The total job cost for Job X455 is closest to: (Round your intermediate calculations to 2 decimal places.)
A. $3,180 B. $3,032 C. $3,972 D. $1,732
Risk avoidance means asking an insurance company to take over the risk for a small payment (the premium)
Indicate whether the statement is true or false