Simply asking someone for something that they can easily comply with succeeds what percentage of the time?
A. 85
B. 88
C. 90
D. 78
C. 90
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Which sentence is expressed correctly?
A) Todays college students don't know what life is like without technology. B) Today's college students don't know what life is like without technology. C) Todays' college students don't know what life is like without technology.
Arbitration differs from litigation in which of the following ways?
Arbitration lacks many of the procedural rules of a court proceeding. A) Decisions of an arbitrator, unlike a judgement of a court, are never binding on the parties. B) Arbitration is normally faster and cheaper than having a trial. C) Both A and C D) All of the above
Jim operates his business on the accrual method and this year he received $4,000 for services that he intends to provide to his clients next year. Under what circumstances can Jim defer the recognition of the $4,000 of income until next year?
A. Jim can defer the recognition of the income if he has requested that the client not pay for the services until the services are provided. B. Jim can defer the recognition of the income if he absolutely promises not to provide the services until next year. C. Jim can never defer the recognition of the prepayments of income. D. Jim can elect to defer the recognition of the income if the income is not recognized for financial accounting purposes. E. Jim must defer the recognition of the income until the income is earned.
Luchini Corporation makes one product and it provided the following information to help prepare the master budget for the next four months of operations:a.The budgeted selling price per unit is $111. Budgeted unit sales for April, May, June, and July are 7,100, 10,100, 13,300, and 14,000 units, respectively. All sales are on credit. b.Regarding credit sales, 40% are collected in the month of the sale and 60% in the following month. c.The ending finished goods inventory equals 10% of the following month's sales. d.The ending raw materials inventory equals 30% of the following month's raw materials production needs. Each unit of finished goods requires 5 pounds of raw materials. The raw materials cost $5.00 per pound. e.Regarding raw materials purchases, 40% are paid for in the month
of purchase and 60% in the following month. f.The direct labor wage rate is $18.00 per hour. Each unit of finished goods requires 2.9 direct labor-hours. g.Variable manufacturing overhead is $7.00 per direct labor-hour. Fixed manufacturing overhead is zero. The budgeted accounts receivable balance at the end of May is closest to: A. $672,660 B. $448,440 C. $1,121,100 D. $747,000