A bank is legally obligated to provide credit under a revolving credit agreement, but not under a
line of credit.
Indicate whether the statement is true or false
TRUE
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Which of the following would be internal users of accounting information?
a. Customers and vendors b. Employees and managers c. Government and banks d. Employees and customers
Temperature scales such as Celsius and Fahrenheit are examples of interval scales
Indicate whether the statement is true or false
I am the lead barista at a local coffee shop managing four staff. I love to chat with them regularly, work with them on schedules that fit their needs, and work to develop camaraderie amongst all. I do assign tasks and hold them accountable for the work, but that is my secondary concern. My behavior would plot on the Blake and Mouton Leadership Grid at what point?
A. Moderately high task; moderately low relationship B. Very low task; very high relationship C. Very high task; very high relationship D. Moderately low task; moderately high relationship
Copy Center pays an average wage of $12 per hour to employees for printing and copying jobs, and allocates $18 of overhead for each employee hour worked. Direct materials are assigned to each job according to actual cost. If Job M-47 used $350 of direct materials and took 20 direct labor hours of labor to complete, what is the total cost that should be assigned to the job?
A. $380 B. $600 C. $950 D. $710 E. $590