At the end of the year, overhead applied was $35,000,000. Actual overhead was $34,200,000. Closing over/under applied overhead into cost of goods sold would cause net income to increase/decrease by?
A) Increase by $800,000
B) Decrease by $800,000
C) Not effect net income.
D) Decrease net income by $200,000
A
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The most general term for the global phenomenon involving reciprocal business interactions between parties in various countries is known as:
A) switch trading. B) barter. C) offset. D) compensation trading. E) countertrade.
Redbox, a DVD rental service, utilizes machines to dispense DVDs to customers. Which form of retailing is Redbox using?
A. Internet retailing B. Store Channel C. Direct Selling D. Catalog retailing E. Automated retailing
Social influence can lead to disproportionally positive online ratings, and subsequent raters are more likely to be influenced by previous negative ratings than positive ones
Indicate whether the statement is true or false
For a ratification to be effective, the principal:
a. must have knowledge of all material facts concerning the transaction. b. must communicate her intent to ratify to the third party. c. must have been in existence when the act was done. d. Must have knowledge of all material facts concerning the transaction and must have been in existence when the act was done.