Investing activities include those transactions involving the purchase and sale of long-term assets, investments in debt and equity securities, and lending money and collecting the principal on the related loans
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Complete Electronics Inc. sells a point-of-sale computer with a two-year service contract. Complete collects $3,000 cash for the selling price of the computer and $576 for the two-year service contract. How is revenue recognized?
A) Complete will record Sales Revenue of $3,576 when the computer is delivered to the customer. B) Complete will record Sales Revenue of $1,788 per year for two years. C) Complete will record Sales Revenue of $3,000 when the computer is delivered and Service Revenue of $24 per month for 24 months. D) Complete will record Sales Revenue of $3,000 when the computer is delivered and will record revenue for the service contract as service calls are made.
The purpose of the screening interview is to
A. Identify the job applicants who mistakenly believe they are qualified for the job for which they are applying. B. Identify which department is most suitable for each of the applicants. C. Identify the employees who wish to be promoted to higher-level positions. D. Identify potential problem employees.
Today, approximately 26 percent of private sector wage and salary workers belong to unions
Indicate whether the statement is true or false
The standards for product G78V specify 4.1 direct labor-hours per unit at $12.10 per direct labor-hour. Last month 1,600 units of product G78V were produced using 6,600 direct labor-hours at a total direct labor wage cost of $77,220.Required:a. What was the labor rate variance for the month?b. What was the labor efficiency variance for the month?
What will be an ideal response?