Which of the following Terms of Payment has the least risk to the seller?
a. Letter of Credit
b. Cash in Advance
c. Letter of Credit
d. Open Account
B
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Gross sales plus sales returns and allowances is called net sales
Indicate whether the statement is true or false
The Superfund Act, administered by the Environmental Protection Agency (EPA), gives the federal government a mandate to ________
A) establish marine sanctuaries in ocean waters as far seaward as the edge of the continental shelf B) impose fines on buildings and offices that cause harm to their occupants due to indoor air pollution C) cleanup hazardous wastes that have been spilled, stored, or abandoned D) set standards on the toxic substances that can be used or sold
Point sources are distinct places from which pollutants can be drawn out of navigable water
Indicate whether the statement is true or false
Gold Company uses a plantwide overhead rate with machine hours as the allocation base. Use the following information to solve for the amount of machine hours estimated per unit of product RST.Direct material cost per unit of RST$15 Total estimated manufacturing overhead$300,000 Total cost per unit of RST$80 Total estimated machine hours 150,000MHDirect labor cost per unit of RST$23
A. 2 MH per unit of RST. B. 38 MH per unit of RST. C. 21 MH per unit of RST. D. 20 MH per unit of RST. E. 37.5 MH per unit of RST.