If a firm sold some inventory for cash and left the funds in its bank account, its current ratio would probably not change much, but its quick ratio would decline.
Answer the following statement true (T) or false (F)
False
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In using air transportation and then expedited truck carriers to deliver specialty items to customers outside of a designated delivery range, Miller Meats is using ________
A) all of its supply chain B) a direct channel C) indirect marketing D) intermodal distribution E) a vertical marketing system
Contributory negligence is a defense to negligence actions, but not generally in strict liability
actions. Indicate whether the statement is true or false
When recording direct materials purchased, what does an unfavorable direct materials cost variance represent? Will this variance have a debit or credit balance?
What will be an ideal response
Guareno Clinic uses client-visits as its measure of activity. During December, the clinic budgeted for 2,500 client-visits, but its actual level of activity was 2,450 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for December:Data used in budgeting: Fixed element per monthVariable element per client-visitRevenue - $45.20 Personnel expenses$34,300 $13.30Medical supplies 1,600 5.40Occupancy expenses 10,000 1.80Administrative expenses 3,800 0.20Total expenses$49,700 $20.70?Actual results for December: ?Revenue$108,650 Personnel expenses$65,755?Medical supplies$14,380?Occupancy expenses$14,000?Administrative expenses$4,210???The activity variance for administrative
expenses in December would be closest to: A. $90 U B. $10 F C. $90 F D. $10 U