If the offer does not specify a type of acceptance, the offeree may accept in any reasonable manner and method
Indicate whether the statement is true or false
True
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Which one of the following statements is TRUE?
A. A corporate executive health club is an example of a nonpecuniary benefit. B. When lenders protect themselves from the risk of asset switching by raising the interest rate, the firm's WACC can decrease. C. A lender calling in a corporate loan and then lending the funds out to a safer borrower is an example of asset switching. D. A supplier substituting a lower-quality raw material without approval is an example of asset switching. E. An agency problem occurs when an owner/manager sells stock to an outside investor and the owner/manager fears the outside investor will consume too many perquisites.?
When there are economies of scale, a firm's _____ is likely to change as the size of the firm changes.?
A. ?days sales outstanding ratio B. ?total assets turnover ratio C. ?variable cost of goods sold ratio D. ?times interest earned ratio E. ?return on assets ratio
Digital images are made up of a grid of small points called pixels.
Answer the following statement true (T) or false (F)
Posson Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on 20,000 machine-hours, total fixed manufacturing overhead cost of $130,000, and a variable manufacturing overhead rate of $3.00 per machine-hour. Job K789, which was for 10 units of a custom product, was recently completed. The job cost sheet for the job contained the following data:?Total machine-hours30?Direct materials$775?Direct labor cost$1,170Required:a. Calculate the predetermined overhead rate for the year.b. Calculate the amount of overhead applied to Job K789.c. Calculate the total job cost for Job K789.d. Calculate the unit product cost for Job K789.
What will be an ideal response?