Quiet customers are the ones who don't communicate problems-they let their complaints build up to the point that they think it's easier to simply leave rather than attempt to address the issue.
Answer the following statement true (T) or false (F)
True
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Current accounting standards indicate that the costs of intangible assets with an indefinite life, such as goodwill, should
a. not be amortized. b. be reported on the statement of retained earnings in the year in which acquired. c. be amortized over a reasonable period of time not to exceed 40 years. d. increase an expense account entirely in the year in which acquired.
In the context of e-business, the term e-cash stands for ________.
A. Easy cash B. Electronic cash C. Export cash D. Exchange cash
The financial statement notes contain both the history of the company's performance and the fundamental relationship between the ways the information is formatted. This information should be made available to all simultaneously
Indicate whether the statement is true or false.
Coatney Inc. has provided the following data for the month of October. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month. Work In ProcessFinished GoodsCost of Goods SoldTotalDirect materials$3,760 $15,870 $76,130 $95,760 Direct labor 2,400 12,420 59,580 74,400 Manufacturing overhead applied 1,950 6,240 30,810 39,000 Total$8,110 $34,530 $166,520 $209,160 Manufacturing overhead for the month was overapplied by $7,000.The Corporation allocates any underapplied or overapplied manufacturing overhead among work in process, finished goods, and cost of goods sold at the end of the month on the basis of the manufacturing overhead applied during the
month in those accounts.The finished goods inventory at the end of October after allocation of any underapplied or overapplied manufacturing overhead for the month is closest to: A. $35,650 B. $35,686 C. $33,410 D. $33,374