Crash cost per period is determined by which of the following equations?
a. (Crash cost) / (Normal cost)
b. (Crash cost – normal cost) / (normal time – crash time)
c. (Normal time – crash time) / (crash cost – normal cost)
d. It is impossible to calculate the crash cost per period for an activity
b. (Crash cost – normal cost) / (normal time – crash time)
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For each of the following documents, describe its purpose, the functional area preparing it, and the key data included: remittance advice, remittance list, deposit slip
After the December 31, 2019 adjusting journal entries have been posted, Sinclair Enterprises has the following account balances (all accounts have normal balances):
What is the net realizable as of December 21, 2019?
A) $158,700
B) $146,000
C) $141,300
D) $149,300
A photocopier cost $104,000 when new and has accumulated depreciation of $95,000. If the business discards this plant asset, the result is ________.
A) a loss of $9000 B) a loss of $95,000 C) a gain of $9000 D) no gain or no loss
Service businesses cannot measure the quality of their work
Indicate whether the statement is true or false