A line of credit can be either a formal or an informal agreement between a borrower and a bank regarding the maximum amount of credit the bank will extend to the borrower during some future period, assuming the borrower maintains its financial strength.
Answer the following statement true (T) or false (F)
True
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If fixed costs are $80,000, the contribution margin is $25 per unit, and the targeted profit is $30,000, then the required unit sales are
a. 4,400 units. b. 2,000 units. c. 4,500 units. d. 2,500 units.
The amount reported as "Cash" on a company's balance sheet normally should exclude
a. postdated checks that are payable to the company. b. cash in a payroll account. c. undelivered checks written and signed by the company. d. petty cash.
Which of the following statements is false?
a. When using the weighted average method, it doesn't matter in what period the transferred in units were started. b. When the weighted average method is used, the cost of goods transferred is equal to the number of units transferred multiplied by the cost per EUP. c. When the weighted average method is used, the ending inventory of WIP is computed by multiplying the EUP for each cost component multiplied by the component cost per unit. d. All of the above statements are false.
The Morning Muffin is a family-run baking company. It specializes in custom-made cakes, turnovers, croissants, muffins, and pies. Younger family members have learned the value of attention to detail when creating a new recipe by observing the praise given to bakers who exhibit this level of attention. Those who now exhibit close attention to detail while creating recipes have learned through
A. vicarious experiences. B. lecture sessions. C. instrumentality. D. past accomplishments. E. emotional cues.