Activity Based Costing is most appropriate for a company that produces only one product
Indicate whether the statement is true or false
false
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The following data concerns Wang Corporation for 2015: Credit sales during the year $1,600,000 Accounts Receivable—December 31, 2015 235,000 Allowance for Doubtful Accounts—December 31, 2015 18,000 Bad debt expense for the year 11,000 What amount will Wang show on its year-end balance sheet for the net realizable value of its accounts receivable?
a. $253,000 b. $235,000 c. $224,000 d. $217,000
Sandra tried to explain the problem she was having, but her manager, Tabitha, kept interrupting her. Finally, in frustration, Sandra returned to her workstation, even though Tabitha never did grasp the key points that Sandra was attempting to communicate. This lack of communication is an example of
A. decoding problems. B. intrapersonal communication. C. perceptual bias. D. groupthink. E. stereotyping.
Women were 51 percent of the U.S. population, and, according to the SBA, they owned at least ___ percent of all small businesses in 2017.
A. 36 percent B. 25 percent C. 52 percent D. 74 percent
Fager Clinic uses client-visits as its measure of activity. During February, the clinic budgeted for 2,200 client-visits, but its actual level of activity was 2,250 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for February:Data used in budgeting: Fixed element per monthVariable element per client-visitRevenue - $68.20 Personnel expenses$32,300 $21.50Medical supplies 1,200 12.50Occupancy expenses 9,700 3.40Administrative expenses 5,000 0.10Total expenses$48,200 $37.50?Actual results for February: ?Revenue$156,210 Personnel expenses$80,445?Medical supplies$30,105?Occupancy expenses$16,800?Administrative expenses$5,015???The revenue variance for February would be
closest to: A. $2,760 F B. $6,170 F C. $6,170 U D. $2,760 U