In XML Schema, there are two types of elements, simple and composite
Indicate whether the statement is true or false
FALSE
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Philip Morris bought Miller Brewing and launched low-calorie beer, at a time when consumers had the impression that low-calorie beer does not taste as good as normal beer. What does the company assure by stating that the beer tastes good?
A) points-of-difference B) points-of-presence C) points-of-parity D) points-of-conflict E) points-of-inflection
Copper, Inc purchased merchandise worth $1,800 on credit, terms n/30 and returned merchandise worth $200 on next day. What is the required journal entry to record the merchandise returns under the periodic inventory system?
A) Accounts Payable 200 Purchases Returns and Allowances 200 B) Accounts Payable 200 Merchandise Inventory 200 C) Merchandise Inventory 200 Purchases Returns and Allowances 200 D) Purchases Returns and Allowances 200 Merchandise Inventory 200
A steel manufacturer experienced a decrease in its fixed asset turnover from .9 in Year 5 to .7 in Year 6 . This change is consistent with which of the following explanations?
a. The firm sold a fully-depreciated factory on January 1, Year 6 that had been closed in Year 4 and held for sale since then. b. The steel industry operated at capacity during Year 6, permitting all firms to raise selling prices. c. The firm recognized an impairment loss on a factory that became obsolete during Year 6 because of new environmental regulations. d. The firm decreased the number of units produced and sold because of an inability to obtain needed raw materials. e. none of the above
Teresa Summerlin Teresa Summerlin manufactures hand-crafted pottery. Overhead is applied to products based on direct labor hours. At the beginning of the current year, Teresa estimated total overhead costs would be $30,000 and estimated direct labor hours would be 20,000. Actual overhead costs for the year totaled $36,000 for 18,000 actual direct labor hours. Refer to the Teresa Summerlin
information above. How much overhead was applied during the year? A) $27,000 B) $40,000 C) $32,400 D) $33,400