Merchandise inventory at the beginning of the period plus net purchases minus merchandise inventory at the end of the period equals the cost of merchandise available for sale
Indicate whether the statement is true or false
F
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Margaret told Bill she would give him her concert tickets. Later she changed her mind and decided she wanted to use the tickets after all. Is Margaret required to give Bill the tickets?
a. No, because there was no intent to make a present transfer. b. No, because there was no delivery. c. No, because there was no acceptance. d. All of these are correct.
Malakan Corporation has two production departments, Machining and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Machining Department's predetermined overhead rate is based on machine-hours and the Finishing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: MachiningFinishingMachine-hours 18,000 11,000Direct labor-hours 2,000 9,000Total fixed manufacturing overhead cost$102,600$96,300Variable manufacturing overhead per machine-hour$2.10 Variable manufacturing overhead per direct labor-hour $3.90 During the current month the company started and finished Job K368. The following data were
recorded for this job: Job K368:Machining FinishingMachine-hours80 30Direct labor-hours20 40 The amount of overhead applied in the Machining Department to Job K368 is closest to: A. $168.00 B. $140,400.00 C. $856.00 D. $624.00
Most people-related challenges faced by family-owned businesses result from interactions of business necessity with family values and relationships.
Answer the following statement true (T) or false (F)
All of the following are major social trends in e-commerce in 2015-2016 except for:
A) concerns about the flood of temporary, poorly paid jobs without benefits being generated by on-demand service companies. B) the continuing conflict over copyright management and control. C) the refusal of online retailers to accept taxation of Internet sales. D) the growth of government surveillance of Internet communications.