________ evolved because of broader and more diverse product lines, demand for specific customized solutions, and more competition
Fill in the blanks with correct word
Strategic selling
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Interest expense is one item added to net income as per the income statement to arrive at net cash flows from operating activities
Indicate whether the statement is true or false
Chojnowski Incorporated makes a single product-a cooling coil used in commercial refrigerators. The company has a standard cost system in which it applies overhead to this product based on the standard labor-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Budgeted (Planned) Overhead: Budgeted variable manufacturing overhead$82,450 Budgeted fixed manufacturing overhead 325,975 Total budgeted manufacturing overhead$408,425 Budgeted production (a) 25,000unitsStandard hours per unit (b) 1.70labor-hoursBudgeted hours (a) × (b) 42,500labor-hours Applying Overhead: Actual production (a) 20,000unitsStandard hours per unit (b) 1.70labor-hoursStandard hours allowed for the actual production (a) ×
(b) 34,000labor-hours Actual Overhead and Hours: Actual variable manufacturing overhead$74,812 Actual fixed manufacturing overhead 312,975 Total actual manufacturing overhead$387,787 Actual hours 31,700labor-hoursThe predetermined overhead rate is closest to: A. $9.61 per labor-hour B. $16.34 per labor-hour C. $19.39 per labor-hour D. $11.41 per labor-hour
The most diversified type of depository institutions is
A. commercial banks. B. savings associations. C. finance companies. D. credit unions. E. mutual funds.
An NGO is ________
A) an agency of the United Nations B) a private institution independent of a government C) any organization working on environmental issues D) an organization that is concerned only with workers' rights