Which of the following is an example of direct materials cost for an automobile manufacturer?
A) Cost of oil lubricants for factory machinery
B) Cost of wages of assembly worker
C) Salary of production supervisor
D) Cost of interior upholstery
D
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At the time of originally recording a transaction, historical cost also represents the fair market value
Indicate whether the statement is true or false
Management contracting is an unwise choice if a domestic firm can make greater profits by undertaking a whole venture
Indicate whether the statement is true or false
Silver Era Co. exports Southwestern artwork to Japan. Prepare journal entries for the following transactions.Nov 10Sold artwork to Ito Company for ¥10,000,000, terms n/30. The exchange rate was $0.009 per yen.Dec 5Received payment from Ito Company for the November 10 sale. The exchange rate was $0.0087 per yen.
What will be an ideal response?
Liquid assets or funds are important to
A) cover unplanned expenses. B) prevent interrupting your long-term investments. C) prevent overdrafts in checking accounts. D) cover some planned expenses. E) All of the above are correct.