Solicited proposals offer more flexibility in how to approach the audience
Indicate whether the statement is true or false.
Answer: FALSE
Explanation: Unsolicited proposals offer more flexibility but a completely different sort of challenge because recipients aren't expecting to receive them. In fact, your audience may not be aware of the problem or opportunity you are addressing, so before you can propose a solution, you might first need to convince your readers that a problem or an opportunity exists.
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Assets such as patents, copyrights, and trademarks are intangible assets
a. True b. False Indicate whether the statement is true or false
The inventory valuation method that has the advantages of assigning an amount to inventory on the balance sheet that approximates its current cost, and also mimics the actual flow of goods for most businesses is:
A. FIFO. B. LIFO. C. Weighted average. D. Specific identification. E. Lower of cost or market.
Answer the following statements true (T) or false (F)
Some capital leases are treated as loans with income realized through implicit interest in each lease payment.
Handal Corporation uses activity-based costing to compute product margins. Overhead costs have already been allocated to the company's three activity cost pools--Machining, Order Filling, and Other. The costs in those activity cost pools appear below: Machining$15,800Order Filling$6,400Other$9,800Machining costs are assigned to products using machine-hours (MHs) and Order Filling costs are assigned to products using the number of orders. The costs in the Other activity cost pool are not assigned to products. Activity data appear below: MHs (Machining)Orders (Order Filling)Product O44,800300Product S115,2001,700Finally, sales and direct cost data are combined with Machining and Order Filling costs to determine product margins. Product O4Product S1?Sales
(total)$70,200$112,200?Direct materials (total)$23,900$44,300?Direct labor (total)$38,900$46,700?The activity rate for the Order Filling activity cost pool under activity-based costing is closest to: A. $3.20 per order B. $1.00 per order C. $16.00 per order D. $1.18 per order