Privacy policies for companies in the United States are largely voluntary and there are almost no regulations on the collection and use of personal data.
Answer the following statement true (T) or false (F)
True
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To qualify as "cash equivalents," the investment must be
a. readily convertible to a known amount of cash. b. convertible to cash within a one-year period of time. c. convertible to cash without a significant loss of value. d. convertible to cash within a five-year period of time.
For tax purposes, a Limited Liability Company may elect to be treated as a partnership
Indicate whether the statement is true or false
Madole Corporation has two production departments, Forming and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Forming Department's predetermined overhead rate is based on machine-hours and the Customizing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates:??FormingCustomizing?Machine-hours19,00012,000?Direct labor-hours4,0008,000?Total fixed manufacturing overhead cost$119,700$67,200?Variable manufacturing overhead per machine-hour$2.00??Variable manufacturing overhead per direct labor-hour?$4.20During the current month the company started and finished Job K973. The following data
were recorded for this job:?Job K973:FormingCustomizing?Machine-hours5020?Direct labor-hours2050Required:a. Calculate the estimated total manufacturing overhead for the Forming Department.b. Calculate the predetermined overhead rate for the Customizing Department.c. Calculate the total overhead applied to Job K973 in both departments. What will be an ideal response?
Describe one potential benefit related to each of the main ERP modules
What will be an ideal response?