A reversion is held by a person other than the grantor or his successors
a. True
b. False
Indicate whether the statement is true or false
False
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List and briefly explain six strategies for holding your audience's attention during a business presentation
What will be an ideal response?
The static budget, at the beginning of the month, for Amira Company follows:
Static budget: Sales volume: 1000 units; Sales price: $70.00 per unit Variable costs: $32.00 per unit; Fixed costs: $36,800 per month Operating income: $1200 Actual results, at the end of the month, follows: Actual results: Sales volume: 980 units; Sales price: $74.00 per unit Variable costs: $35.00 per unit; Fixed costs: $34,600 per month Operating income: $3620 Calculate the flexible budget variance for fixed costs. A) $2200 U B) $2200 F C) $0 D) $3180 F
During August, Radio City sold 200 iPods for $50 each. Each iPod had cost Audio City $31 to purchase and carried a two-year warranty. If 5 percent typically need to be replaced over the warranty period and one actually is replaced during August, the entry to record the Product Warranty Expense is
A) Product Warranty Expense 31Estimated Product Warranty Liability 31 B) Product Warranty Expense 155Cash 155 C) Product Warranty Expense 310Estimated Product Warranty Liability 310 D) Estimated Product Warranty Liability 620Product Warranty Expense 620
When did the Industrial Revolution begin in the United States?
a. early 1700s b. late 1700s c. early 1800s d. late 1800s