Which of the following statements is not true of disability insurance?
A) You should have it even if you are retired and living on a pension.
B) The amount of coverage should equal your disposable income.
C) If you are self-employed you should have disability insurance.
D) All of the above are true of disability insurance.
Answer: A
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When a partnership is formed, assets contributed by the partners should be recorded on the partnership books at their
a. book values on the partners' books prior to their being contributed to the partnership b. fair market value at the time of the contribution c. original costs to the partner contributing them d. assessed values for property tax purposes
Organization-centered career planning requires an individual employee to take charge of his or her career and chart a path of advancement through his or her organization.
Answer the following statement true (T) or false (F)
The accounts with identification letters for Smart Delivery Services are listed below.LetterAccount TitleLetterAccount TitleACashISmart, DrawingBAccounts ReceivableJDelivery Fee IncomeCSuppliesKAdvertising ExpenseDPrepaid RentLEquipment Repairs ExpenseEDelivery EquipmentMRent ExpenseFOffice EquipmentNSalaries ExpenseGAccounts PayableOUtilities ExpenseHSmart, Capital??During the current month, the company completed the transactions listed below. Indicate the appropriate journal entry that needs to be recorded for each transaction by providing the account letter and amount. Some entries may need more than one debit and/or more than one credit. The first transaction is completed as an example. ??DebitCredit?TransactionLetterAmountLetterAmountA.The owner invested $25,000 cash in
the businessA$25,000H$25,000B. Purchased delivery equipment for $3,200 on account????C. Received a bill for $960 for equipment repairs that will be paid next month????D. Performed delivery services for $12,800; received $4,400 in cash immediately and the remainder was on account ????E.Issued check for $500 for a newspaper advertisement????F.Issued check for $750 for current month's utilities????G.The owner withdrew $1,500 cash for personal use????H.Received $900 on account from credit clients???? What will be an ideal response?
An expedited cost is one that does not vary with respect to their usage
Indicate whether the statement is true or false