The entire process resulting from a check issue and mail by a payer company to a payee company (i.e., mail float, processing float, and clearing float) is disbursement float to the payer company and is collection float to the payee company
Indicate whether the statement is true or false
TRUE
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Within the context of preparing formal reports and proposals, the term limitations
A) sets the boundaries of your research, that is, what you will and will not investigate. B) presents excuses for inadequate research or a poorly written report. C) specifies the risks, rewards, costs, and benefits of a specific course of action. D) refers to factors beyond your control that affect the quality of the report. E) specifies what will happen if the solution is not accepted. c
Jefferson Company expects to incur $450,000 in manufacturing overhead costs during the current year. Other budget information follows:
Required:1) Use direct labor hours as the cost driver to compute the allocation rate. Determine the amount of budgeted overhead cost for each department.2) Use machine hours as the cost driver to compute the allocation. Determine the amount of budgeted overhead cost for each department.3) Assume that Department A manufactured a product that required 160 direct labor hours and 85 machine hours. If overhead is allocated based on direct labor hours, how much overhead would be allocated to this product?4) Assume that Department
A manufactured a product that required 160 direct labor hours and 85 machine hours. If overhead is allocated based on machine hours, how much overhead would be allocated to this product? What will be an ideal response?
A company paid $150,000, plus a 7% commission and $5,000 in closing costs for a property. The property included land appraised at $87,500, land improvements appraised at $35,000, and a building appraised at $52,500. What should be the allocation of this property's costs in the company's accounting records?
A. Land $82,750; Land Improvements, $33,100; Building, $49,650. B. Land $75,000; Land Improvements, $30,800; Building, $46,200. C. Land $80,250; Land Improvements, $32,100; Building, $48,150. D. Land $75,000; Land Improvements, $30,000; Building, $45,000. E. Land $77,500; Land Improvements; $31,000; Building; $46,500.
In high context collectivist cultures members are more likely to be concerned with saving __________ in their interpersonal communication and negotiations
a. Self face b. Other face c. Private face d. Public face