CAD is
a. a cost allocating decision.
b. computer aided downtime.
c. a computer-based engineering system.
d. an organizational environment.
C
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In standard costing, the standard quantity allowed refers to the output that should have been achieved based on the planned inputs for the period
Indicate whether the statement is true or false
Carolina Company uses the perpetual LIFO method for valuing its ending inventory. The following financial statement information is available for its first year of operation:Carolina CompanyIncome StatementFor the year ended December 31Sales$60,000Cost of goods sold 23,000Gross profit$37,000Expenses 13,000Income before taxes$24,000Carolina's ending inventory using the perpetual LIFO method was $8,700. Carolina's accountant determined that had the company used perpetual FIFO, the ending inventory would have been $9,100.a. Determine what the income before taxes would have been, had Carolina used the FIFO method of inventory valuation instead of LIFO.b. What would be the difference in income taxes between LIFO and FIFO, assuming a 30% tax rate?c. If Carolina wanted to lower the
amount of income taxes to be paid, which method would it choose? What will be an ideal response?
Lenore is a new employee that just started work at her new job. She is in which phase?
A. pre-entry B. metamorphosis C. acculturation D. entry
The planet's resources that are within no country's borders and are available for everyone's use are called the global commons
Indicate whether the statement is true or false