Which of the following statements is true?
A. Partners are employees of the partnership.
B. Salary allowances usually reflect the relative value of services provided by partners.
C. Interest allowances are expenses.
D. Salary allowances are expenses.
E. Salaries to partners are expenses on the partnership income statement.
Answer: B
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Answer the following statements true (T) or false (F)
1.The price-specie-flow mechanism illustrated why nations could not maintain trade surpluses or trade deficits over the long run. 2.The marginal rate of transformation equals the absolute slope of a country's production possibilities frontier. 3.Assume that Germany has higher labor productivity and higher wage levels than France. Germany can produce a commodity more cheaply than France if its productivity differential more than offsets its wage differential. 4.Ricardo's theory of comparative advantage does NOT take into account demand conditions when determining relative commodity prices. 5.If Canada has a higher wage level and higher labor productivity than Mexico, Canada will necessarily produce a good at a higher labor cost than Mexico.
Sellers always offer a discount to buyers for prompt payment toward purchases made on credit.
Answer the following statement true (T) or false (F)
A study with Dutch workers found that charismatic leaders tend to create more burnout problems among subordinates because these leaders hold such high expectations of subordinates
Indicate whether the statement is true or false.
The setup cost to make carpets is $20 per setup. The holding cost is $1.75 per yard per year, and the annual demand is 12,000 yards of carpet per year. The manufacturing facility operates 300 days, and 120 yards of the carpet are produced per day. What is the total annual setup cost under the economic production quantity policy?
a. $374.17 b. $458.26 c. $561.25 d. $1,122.50