Which of the following is not a duty of a trustee?
A) to use reasonable skill
B) to keep accurate records
C) to invest trust assets
D) to deliver possession of trust assets to the settlor for the trust period
D
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If a company closes any underapplied or overapplied manufacturing overhead to the Cost of Goods Sold account, then Cost of Goods Sold will be debited if manufacturing overhead is overapplied for the period.
Answer the following statement true (T) or false (F)
In the context of SWOT analysis, which of the following would be a strength for a company already existing in the market?
A) a growing market B) a local environment that is conducive to growth of the business C) an openness of the governmental mechanism to foreign investors in the business D) a low level of barriers to entry in the market E) a high level of branding that leads to market recognition
Walnut has forecast sales for the next three months as follows: July 4,000 units, August 6,000 units, September 7,500 units. Walnut's policy is to have an ending inventory of 40% of the next month's sales needs on hand. July 1 inventory is projected to be 1,500 units. Selling and administrative costs are budgeted to be $15,000 per month plus $5 per unit sold. What are budgeted selling and administrative expenses for July?
A. $30,500 B. $39,500 C. $35,000 D. $24,500
A synthesis of many studies found that when team members engage in team processes, such as communicating well with each other, the result is likely to be
A) high performance but low satisfaction of team members. B) low performance but high satisfaction of team members. C) too much time spent on processes and not enough on actual work. D) better team performance and satisfaction of members.