If you have $934.25 in demand deposits at NYC bank, and $12,519.08 in demand deposits in the Teachers’ Credit Union, what type of accounts do you have?
a. savings accounts
b. IRA accounts
c. certificates of deposit
d. Keogh accounts
e. checking accounts
e. checking accounts
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Which of the following is NOT a cash outflow from an operating activity?
a. a withdrawal by the owners b. a payment for the acquisition of inventory c. a payment to the government d. a payment for interest on a loan
Which of the following is an example of examining nonfinancial data to detect fraud?
a. noting an increase in billing charges per customer b. comparing the dates of sales to shipment dates c. comparing line item current expenses to prior d. calculating the percent increase in inventory amounts
David Andrews works at the Neal Company where he makes $10 per hour with "time-and-a-half" for overtime. For the week ended January 8, David worked 45 hours as follows: Job 417 34 hours Job 532 11 hours Assuming the overtime was due to priority scheduling for Job 532, how much will be charged to Job 532?
a. $147 b. $ 25 c. $110 d. $135
Variable costs are always relevant in decision making.
Answer the following statement true (T) or false (F)