Dody Sperber budgeted $80 a month for entertainment. The cumulative variance is an unfavorable $20 through March. Thus, Dody must have spent $100 on entertainment in March
Indicate whether the statement is true or false
FALSE
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The proponents of the forced distribution method argue that it motivates employees to work hard(er) so they may get the desired top rating. Would employees who worked really hard but were denied the deserved rating really stay motivated during the following year, and work even harder?
What will be an ideal response?
Which of the following is the last step in developing an activity-based costing system?
A) estimating the total quantity of the cost driver B) estimating the total indirect costs of each activity C) identifying the activities D) allocating indirect costs to the cost object
The amount of increase in accounts receivable is added to credit sales to calculate the amount of cash inflow from customers when using the direct method to prepare the operating activities section of the statement of cash flows.
Answer the following statement true (T) or false (F)
A line of credit is an agreement between a commercial bank and a business, specifying the amount of unsecured short-term borrowing the bank will make available to the firm over a given period of time
Indicate whether the statement is true or false