Capital rationing is a process adopted when a company has limited resources, and it must find ways to reduce operating expenses in all of its divisions and units
Indicate whether the statement is true or false
FALSE
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The cost of all direct materials issued to production is debited to Work in Process Inventory.
Answer the following statement true (T) or false (F)
SAP refers to (in English)?
a. Systems Analysis and Program Development b. Systems Analysis and Program Department c. Systems Arbitration and Program Development d. Systems Alignment and Program Development
You are the account manager of a bank. Your customer, Hank Arbuthnot, applies for an increase in the line of credit for his business. He offers a mortgage on his cottage as security. You know that Hank is married. Which of the following is FALSE?
A) You should obtain a personal guarantee from Hank B) You should obtain a personal guarantee from Hank's wife. C) If the cottage is registered only in Hank's name, you needn't worry about getting a consent to the mortgage from Hank's wife D) If you insist on a guarantee from Hank's wife, you should ensure that she receives independent legal advice. E) If the cottage is registered in both Hank's and his wife's name, you must obtain her consent to the mortgage.
Orin creates a living trust to pass his assets, including stock in Petro Oil Company and other business investments, to his heirs. One advantage of this arrangement is that
A. income taxes do not have to be paid on trust earnings. B. the assets are sheltered from the payment of estate taxes. C. the assets can be transferred without going through probate. D. the trust does not come into existence until the grantor's death .