A company reports ending accounts payable of $1,271 and cost of goods sold of $11,315. Compute days' payable outstanding.
A. 36 days
B. 30 days
C. 33 days
D. 41 days
E. 45 days
Answer: D
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Which of the examples below describe biomimicry?
a. The solutions provided by biomimicry are generally free of hazards to the environment. b. Biomimicry calls on expertise from multiple disciplines to work together to solve problems. c. Biomimicry often generates disruptive technologies. d. Biomimicry offers sustainable solutions, because it mimics the earth's solution to a given problem. e. All of the above examples describe biomimicry.
The Fifth Amendment does NOT contain which of the following?
a. Self incrimination provision b. Grand jury requirement c. Jury trial requirement d. Double jeopardy prohibition
A bailee has the exclusive right to possess the property for the term of the bailment
Indicate whether the statement is true or false
Ruozzo Corporation is a service company that measures its output by the number of customers served. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results of operations for July. Fixed Element per MonthVariable Element per Customer ServedActual Total for JulyRevenue $4,500$100,000Employee salaries and wages$43,100 $900$63,300Travel expenses $500$11,500Other expenses$36,900 $37,900?When the company prepared its planning budget at the beginning of July, it assumed that 27 customers would have been served. However, 22 customers were actually served during July.?The activity variance for net operating income for July would have been closest to:
A. $16,400 U B. $15,500 F C. $15,500 U D. $16,400 F