A present value index can be used to rank competing capital investment proposals when the net present value method is used
Indicate whether the statement is true or false
True
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The variable overhead efficiency variance measures how well the business ________.
A) keeps costs of variable overhead inputs within standard B) uses its variable overhead inputs C) keeps fixed overhead within standard D) explains why fixed overhead is under allocated or overallocated
Title III of the ADA requires construction of ramps to accommodate wheelchairs
Indicate whether the statement is true or false
A company sold equipment that originally cost $180,000 for $144,000 cash. The accumulated depreciation on the equipment was $36,000. The company should recognize a:
A. $36,000 loss. B. $18,000 loss. C. $0 gain or loss. D. $144,000 gain. E. $18,000 gain.
A company purchased inventory for $2,200 on account, and recorded the following journal entry:
Merchandise Inventory 2,200 Accounts payable 2,200 The vendor's invoice showed terms of 3/10, n/30 Give the journal entry for the payment of the invoice 17 days after the invoice date. What will be an ideal response