Unused capacity costs incurred for the benefit of a company's customers (e.g., meet seasonal demands) should be assigned to the customers that require (use) the excess capacity.
Answer the following statement true (T) or false (F)
True
This is the concept of matching costs with the object that benefits from it.
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A machine with a cost of $75,000 has an estimated residual value of $5,000 and an estimated life of 4 years or18,000 hours. What is the amount of depreciation for the second full year, using the double-declining-balancemethod?
a. $17,500 b. $18,750 c. $37,500 d. $16,667
Ending retained earnings are calculated as follows:
a. Beginning retained earnings minus net income plus dividends declared. b. Net income minus beginning retained earnings minus dividends. c. Beginning retained earnings plus net income minus dividends. d. Beginning retained earnings plus net loss minus dividends.
A company legally owns the electronic communications of its employees
Indicate whether the statement is true or false
If you don't hear from the interviewer within five days, the best follow up is a phone call to the interviewer to inquire about the decision and to indicate your extreme desire for the job
Indicate whether the statement is true or false