Processing float is the delay between the receipt of a check by a payee and its deposit in firm's account
Indicate whether the statement is true or false
TRUE
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Uniformity of accounting for interstate electric companies is prescribed by the Interstate Commerce Commission
Indicate whether the statement is true or false
A bill of activities may be used to calculate the product unit costs only for manufacturing concerns but not for service units
Indicate whether the statement is true or false
A ratio of net income of $100,000 to sales of $1,000,000 can be stated as
A) Net income is 1/10, or 10 percent, of sales. B) For every dollar of sales, the company has an average net income of 10 cents. C) The ratio of sales to net income is 10 to 1 (10:1), or sales are 10 times net income. D) All of these choices.
To get work done, negative leaders hold over their personnel such penalties as loss of job, reprimand in the presence of others, and a few days off without pay.
Answer the following statement true (T) or false (F)