The predetermined overhead rate is based on the relationship between estimated annual overhead costs and expected annual operating activity expressed in terms of a common activity base.

a) true

b) false

On July 31, year 2, Tern Co. amended its single employee defined benefit pension plan by granting increased benefits for services provided prior to year 2. This prior service cost will be reflected in the financial statement (s) for?

Sarah's Machinery Company is deciding to dump its current technology A for a new technology B with smaller fixed costs but bigger MCs.

Refer to Exhibit 34-9. In the no specialization-no trade case, suppose country X produces and consumes 100 units of good A and 20 units of good B. Country Y produces and consumes 20 units of good A and 60 units of good B.

Feb 26 - received $300 from a customer as a down payment on work to be undertaken on repairs to a cell. Is that unearned revenue.

You want to buy a house that costs $200,000. You will make a down payment equal to 10 percent of the price of the house and finance the remainder with a loan that has an APR of 5.15 percent compounded monthly.

An advertiser enables target cost-per-acquisition (cpa) bidding and notices that conversions decrease. what might cause this?

A trigger strategy is a strategy that: A. is not relevant to oligopolies. B. determines when to enter an industry. C. depends on an opponent's past decisions. D. tells a business to leave the industry because the price is below the AVC.

What is the effect on the supply curve for skateboards if the government implements a tax on the manufacturing process?

Cost of goods sold is: an asset account. a revenue account. an expense account. a permanent equity account.

Markup represents an amount needed to cover operating expenses. a. True b. False