Cash in the bank is more liquid than a petty cash fund
Indicate whether the statement is true or false
FALSE
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Darius was driving his car negligently and collided with Georgette. Darius was not going that fast, and normally, the injuries suffered by Georgette would not have been that severe
Unfortunately, she suffers from a progressive nerve disease which is aggravated by the accident. Which of the following is TRUE? A) Darius is not responsible for the additional damages attributed to Georgette's condition. They were reasonably foreseeable. B) Darius is responsible for some of the additional damages attributable to Georgette's condition – namely, the extent to which the accident worsened her condition. C) Darius is responsible for all for the additional damages attributed to Georgette's condition. D) This case is an illustration of the "crumbling skull plaintiff." E) Both B and D.
Testing specialists are responsible for developing test plans, establishing testing standards, integrating testing and development activities in the life cycle, and ensuring that test plans are completed
Indicate whether the statement is true or false
If a company issues 1,000 shares of $1 par value common stock for $20 per share, what would be the effect on the accounting equation?
A. Increase assets and increase revenue. B. Increase assets and increase liabilities. C. Increase assets and decrease stockholders' equity. D. Increase assets and increase stockholders' equity.
Aaron Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price$90 Units in beginning inventory 0Units produced 3,400Units sold 3,000Units in ending inventory 400 Variable costs per unit: Direct materials$21Direct labor$38Variable manufacturing overhead$6Variable selling and administrative expense$4Fixed costs: Fixed manufacturing overhead$54,400Fixed selling and administrative expense$3,000 The total gross margin for the month under the absorption costing approach is:
A. $12,000 B. $27,000 C. $63,000 D. $59,400