The accounts receivable turnover is calculated by dividing average accounts receivable by net sales.
Answer the following statement true (T) or false (F)
False
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Mnemonic codes are appropriate for items in either an ascending or descending sequence, such as the numbering of checks or source documents
Indicate whether the statement is true or false
A key concept in networking is to:
A) follow up with every person you make contact with B) select who you will follow up with based on their usefulness C) send an email to every contact on a regular basis D) follow up on all emails with a phone call three days later E) offer a business card to select individuals
Which of the following is one of Holiday Inn's hotel areas that show a particularly strong impact on revenue per available room?
a. Dining facilities b. The lobby c. The exterior d. Public restrooms e. Kitchen facilities
Deemer Corporation has an activity-based costing system with three activity cost pools-Processing, Supervising, and Other. In the first stage allocations, costs in the two overhead accounts, equipment expense and indirect labor, are allocated to the three activity cost pools based on resource consumption. Data used in the first stage allocations follow:Overhead costs: Equipment expense$73,000Indirect labor$6,000??Distribution of Resource Consumption Across Activity Cost Pools: Activity Cost Pools ProcessingSupervisingOtherEquipment expense0.600.200.20Indirect labor0.400.200.40Processing costs are assigned to products using machine-hours (MHs) and Supervising costs are assigned to products using the number of batches. The costs in the Other activity cost pool are not assigned to
products. Activity data for the company's two products follow:Activity: MHs (Processing)Batches (Supervising)Product F61,000600Product X09,000400Total10,0001,000What is the overhead cost assigned to Product X0 under activity-based costing? A. $47,900 B. $41,580 C. $39,500 D. $6,320