If a periodic physical inventory of property, plant, and equipment is taken, the individual responsible for the inventory should be independent of the custodial and record-keeping functions.
Answer the following statement true (T) or false (F)
True
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Body language “power poses” are valuable because they ______.
A. release stress hormones B. release energy hormones C. establish your discomfort D. help you maintain a steady mood
State Industries has the following information for 20X1:Units produced and sold3,000 unitsSelling Price$260/unitDirect materials$20/unitDirect labor$40/unitFixed manufacturing overhead$120,000/yearFixed selling and administrative costs$160,000/yearVariable manufacturing overhead$35/unitVariable selling and administrative costs$25/unitThere are no beginning inventories. Prepare an income statement for the year under absorption costing.
What will be an ideal response?
What is the pecking order of payments (from first to last) for a firm's creditors and owners?
A) bondholders, then preferred stockholders, then common stockholders B) preferred stockholders, then common stockholders, then bondholders C) common stockholders, then bondholders, then preferred stockholders D) bondholders, then common stockholders, then preferred stockholders
Under the ____, a buyer may reject goods for even the slightest defect
A) revocation of acceptance rule B) perfect tender rule C) rules for inspection D) excuses for nonperformance