The face amount of the note that the maker promises to pay at maturity is known as the ____________________
Fill in the blank(s) with correct word
principal of a note
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Which of the following is not considered an essential consideration in building a group into an effective team?
A. trust B. collaboration C. roles D. unanimity E. norms
FASB requires companies to provide disclosure regarding the preferred stock characteristics
Indicate whether the statement is true or false
Indicate how each event affects the elements of financial statements. Use the following letters to record your answer in the box shown below each element. You do not need to enter amounts. Assume that Frank Company uses a perpetual inventory system.Increase = I Decrease = D No Effect = NA(Note that "No Effect" means that the event does not effect that element of the financial statements or that the event causes an increase in that element that is offset by a decrease in that same element.) Wetzel Co. sold merchandise to a customer for $1,400 cash. The merchandise had originally cost Wetzel $850. (Consider the effects of both parts of this event.)AssetsLiabilitiesStk. EquityRevenuesExpensesNet IncomeStmt of Cash Flows???????
What will be an ideal response?
Irving Corporation makes a product with the following standards for direct labor and variable overhead: Standard Quantity or HoursStandard Price or RateStandard Cost Per UnitDirect labor 0.3hours$14.00per hour$4.20 Variable overhead 0.3hours$5.00per hour$1.50 In November the company's budgeted production was 5,300 units, but the actual production was 5,100 units. The company used 1,650 direct labor-hours to produce this output. The actual variable overhead cost was $7,590. The company applies variable overhead on the basis of direct labor-hours.The variable overhead rate variance for November is:
A. $660 U B. $660 F C. $612 U D. $612 F