Budgeted purchases of direct materials is determined by adding direct materials needed for production to the desired direct materials in ending inventory
Indicate whether the statement is true or false
FALSE .Budgeted purchases of direct materials is determined by adding the desired direct materials in ending inventory to direct materials needed for production and then subtracting direct materials in beginning inventory.
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Between 2015 and 2016, the dollar
Answer the next question on the basis of the table below, which shows the exchange rate between various currencies and the U.S. dollar. December 2015 Exchange Rate December 2016 Exchange Rate Currency (dollars per unit of foreign currency) (dollars per unit of foreign currency) Mexican peso $0.07 $0.09 Swiss franc $1.10 $1.05 Japanese yen $0.010 $0.012 British pound $1.64 $1.58 a. depreciated against the franc; depreciated against the pound. b. appreciated against the franc; appreciated against the yen. c. depreciated against the peso; appreciated against the pound. d. depreciated against the peso; appreciated against the yen.
The Capitals Company has provided you the following information pertaining to the year ending December 31, 2018: January 1, 2018 December 31, 2018Equipment$575,000 $729,000 Accumulated depreciation$165,000 $120,500 Equipment costing $25,000 was acquired in exchange for common stock. Equipment with an original cost of $57,500 and a book value of $5,000 was scrapped. Equipment was purchased in exchange for cash. Equipment with a book value of $39,000 was sold resulting in a $14,000 gain. The accumulated depreciation at the time of the sale was $67,000. Required: Determine the cash paid for equipment purchases during 2018.Determine the depreciation expense for 2018.
What will be an ideal response?
What is the first step in developing an effective sales training program?
A) measuring sales training interest levels B) conducting a training needs assessment C) establishing a sales training budget D) setting sales training goals E) selecting a training provider
The secretary of state may bring an action for involuntary dissolution of a company if the corporation has not paid its annual franchise tax
a. True b. False Indicate whether the statement is true or false