Accessions are pieces of individual property or goods that are not united with any other property
Indicate whether the statement is true or false
FALSE
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Which of the following statements is a reason why U.S. retailers avoid opening stores in the inner city?
A. The retailers keep away from the inner city because of stringent government regulations. B. The retailers keep away from the inner city because of the lack of competent human resources. C. The retailers keep away from the inner city because of complications in the supply chain. D. The retailers think these stores are riskier and produce lower returns than other areas. E. The retailers keep away from the inner city because of the rising cost of real estate.
A manufacturing company applies overhead based on direct labor hours. At the beginning of the year, it estimated that overhead costs would be $720,000 and direct labor hours would be 90,000 . Actual overhead costs incurred were $754,400, and actual direct labor hours were 92,000 . The entry to assign overhead costs during the year would be
a. Overhead 720,000 Cash 720,000 b. WIP Inventory 736,000 Overhead 736,000 c. Cash 754,400 Overhead 754,400 d. Overhead 754,400 WIP Inventory 754,400
Department G had 3,600 units, 40% completed at the beginning of the period, 12,000 units were completed during the period, 2,000 units were one-fifth completed at the end of the period, and the following manufacturing costs were debited to the departmental work in process account during the period: Work in process, beginning of period $60,000 Costs added during period: Direct materials (10,400 at
$9.8365 ) 102,300 Direct labor 79,800 Factory overhead 25,200 Assuming that all direct materials are placed in process at the beginning of production and that the first-in, first-out method of inventory costing is used, what is the equivalent units for materials and conversion costs, respectively. A) 14,000 and 12,160 B) 10,400 and 10,960 C) 14,000 and 13,600 D) 10,400 and 10,240
Susanna hires Shane, a lawyer, as an independent contractor to represent her in a civil lawsuit against a defendant to recover monetary damages
If Susanna authorizes Shane to settle the case within a certain dollar amount and Shane does so, which of the following would be true? A) The agreement is invalid after Shane's contract with Susanna terminates. B) The agreement is void because independent contractors cannot enter into contracts. C) The agreement is binding only when there is no financial settlement involved. D) The settlement agreement is binding for Susanna.