One of the best ways to use LinkedIn is to search for a company in which you are interested

Indicate whether the statement is true or false


True

Business

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Under a commission system, salespeople have only one objective-make the sale.

Answer the following statement true (T) or false (F)

Business

Vincent Jardine, a CPA, has a firm in the state of New York

Vincent uses ABC to allocate overhead costs and has computed the following predetermined overhead allocation rates: Activity Allocation Base Allocation Rate Photocopy expenses Number of pages $0.75 per page Cost of maintenance Number of labor hours $10.00 per hour Vincent has important contacts in the northeastern parts of New York. During the past month, Vincent completed a job for Nurix, Inc The job required 135 labor hours and 4,000 photocopies. Determine the amount of indirect costs to be allocated to the job. What will be an ideal response

Business

Almost all individuals use the cash receipts and disbursements method of accounting.

Answer the following statement true (T) or false (F)

Business

Profit margins at grocery stores are:

a. 9 to 10%. b. 20-20%. c. 1 to 2%. d. About the same as other retailers, or 50%.

Business