Which sentence uses correct capitalization?
?A) ?In August I will be attending my High School Reunion
B) ?The Internet has caused many individuals to fear identity theft.
C) Max uses instagram and snapchat on his Smartphone to connect with his friends.
B
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Business markets have several characteristics that contrast sharply with those of consumer markets. Name and briefly characterize five of those characteristics
What will be an ideal response?
Under the perpetual inventory system, cost of goods sold is not recorded until the end of the accounting period
Indicate whether the statement is true or false
The objective application of set procedures for determining what is being reported in the media is which one of the following?
A. Communication audit D. Content analysis B. Ombuds officer E. Field report C. Advertising equivalency
Clemmens Company applies overhead based on direct labor cost. Estimated overhead and direct labor costs for the year were $112,500 and $125,000, respectively. During the year, actual overhead was $107,400 and actual direct labor cost was $120,000. The entry to close the over- or underapplied overhead at year-end, assuming an immaterial amount, would include
A. a credit to Finished Goods Inventory for $600. B. a credit to Cost of Goods Sold for $600. C. a credit to Factory Overhead for $600. D. a debit to Cost of Goods Sold for $600. E. a debit to Work in Process Inventory for $600.