Earned but unrecorded revenues are recorded during the adjusting process with a credit to a revenue account and a debit to an expense account.
Answer the following statement true (T) or false (F)
False
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Skyline Florists uses an activity-based costing system to compute the cost of making floral bouquets and delivering the bouquets to its commercial customers. Company personnel who earn $180,000 typically perform both tasks; other firm-wide overhead is expected to total $70,000. These costs are allocated as follows: Bouquet Production Delivery OtherWages and salaries 60% 30% 10%Other overhead 50% 35% 15%Skyline anticipates making 20,000 bouquets and 4,000 deliveries in the upcoming year.The cost of wages and salaries and other overhead that would be charged to each bouquet made is:
A. $8.75. B. $7.15. C. $12.50. D. $13.75. E. None of the answers is correct.
If a firm is subject to capital rationing, it has only a fixed number of dollars available for capital expenditures and numerous projects compete for these dollars
Indicate whether the statement is true or false
Recruiting and developing salespeople who understand diverse cultures, languages, and business practices is a salesforce response to which of the following issues?
A. Complexity issues B. Adaptability issues C. Collaboration issues D. Commitment issues
Which of the following statements is true? I. The EPA sets national air quality standards. II. The EPA develops plans to meet air quality standards. III. States set their own air quality standards. IV. The states develop plans to meet air quality standards
a. II and III b. III and IV c. I and IV d. I, III, and IV e. I and II