The demographic situation, consisting of married couples with children younger than 18 years old and which constitutes 21 percent of all U.S. households, is referred to as a(n)
A. socialized household.
B. typical household.
C. traditional family.
D. ideal family unit.
E. reference group.
Answer: C
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A liability for dividends is created
a. at the end of each fiscal year. b. at the date of payment. c. at the date of record. d. at the date of declaration.
An unqualified indorser has secondary liability on negotiable instruments
Indicate whether the statement is true or false
During its first year of operations, Silverman Company paid $14,000 for direct materials and $19,000 for production workers' wages. Lease payments and utilities on the production facilities amounted to $17,000 while general, selling, and administrative expenses totaled $8,000. The company produced 5,000 units and sold 3,000 units at a price of $15.00 a unit.What was Silverman's net income for the first year in operation?
A. $12,000 B. $37,000 C. $7,000 D. $28,000
During August, the Filtering Department of Union Square, Inc had a beginning Work-in-Process Inventory balance of 120 units with costs of $60,000. During the month, it started and completed 260 units. It had 30 units in the ending Work-in-Process Inventory. What is the number of equivalent units of production for transferred in units in the Filtering Department in August under the first-in, first-out (FIFO) method?
A) 120 units B) 410 units C) 290 units D) 230 units