The command used to verify that all the data was properly inserted is which of the following?

A) Describe B) Commit C) Insert D) Select


D

Business

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The following data is given for the Taylor Company: Budgeted production 1,000 units Actual production 980 units Materials: Standard price per lb $2.00 Standard pounds per completed unit 12 Actual pounds purchased and used in production 11,800 Actual price paid for materials $23,000 Labor: Standard hourly labor rate $14 per hour Standard hours allowed per completed unit 4.5 Actual labor hours

worked 4,560 Actual total labor costs $62,928 Overhead: Actual and budgeted fixed overhead $27,000 Standard variable overhead rate $3.50 per standard labor hour Actual variable overhead costs $15,500 Overhead is applied on standard labor hours. The direct material price variance is: A) 600F B) 600U C) 80F D) 80U

Business

What is another name for pro forma earnings?

A. net margin B. operating income C. earnings before income taxes, depreciation, and amortization (EBITDA) D. generally accepted accounting principles (GAAP) earnings

Business

In which of the following situations would the courts enforce an oral agreement to pay extra compensation?

a. A builder promises to complete a contract on the date previously agreed upon if he is given extra compensation. b. A police officer promises a neighborhood deli owner that, for a fee, he will keep a sharp lookout for burglars on the nights that he is on duty. c. An accountant promises to complete an audit sixty days ahead of time if she is given extra compensation. d. In no case will the courts allow the payment of extra compensation when the request is based on an oral contract.

Business

The primary purpose in preparing pro forma financial statements is ________

A) for cash planning B) to ensure the ability to pay dividends C) for risk analysis D) for profit planning

Business