The majority of direct salespeople are women

Indicate whether the statement is true or false


TRUE

Business

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[The following information applies to the questions displayed below.] Advanced Company reports the following information for the current year. All beginning inventory amounts equaled $0 this year.    Units produced this year 25,000unitsUnits sold this year 15,000unitsDirect materials$9per unitDirect labor$11per unitVariable overhead$3per unitFixed overhead$137,500in totalGiven Advanced Company's data, compute cost of finished goods in inventory under absorption costing.

A. $712,500 B. $427,500 C. $345,000 D. $230,000 E. $285,000

Business

A revolving credit agreement is:

A. created because of recurring short-term liabilities such as wages and taxes that change spontaneously with operations. B. the name of the credit that is created when one firm buys on credit from another firm. C. an outright sale of receivables. D. an unsecured, short-term promissory note issued by large, financially sound firms to raise funds. E. a formal, committed arrangement in which a bank agrees to lend up to a specified maximum amount of funds during a designated period.

Business

If the people below, with their respective current ratios, were to lose their jobs today, which one would have more time and more choices until he or she found another job?

A) Christy has a current ratio of 0.85 times. B) Rick has a current ratio of 2.5 times. C) Andrew has a current ratio of 1 time. D) There is not enough information to answer this question.

Business

On March 1, Bart transfers ownership of a $700,000 life insurance policy on his life that he purchased in 2015. How long must Bart live to avoid inclusion of the $700,000 death benefit in his estate?

A) six months B) one year C) three years D) No minimum time period exists.

Business