With increased competition, managers need more accurate estimates of product cossts to set prices and to identify the most profitable products. true or false

When the auditors of a nonpublic company are unable to comply with generally accepted auditing standards, they should issue an opinion that is unmodified, but include an additional emphasis-of-matter paragraph in the report. a) trueb) false

Which of the following is classified as a direct labor cost? Wages of assembly-line workers Wages of a factory supervisor A) No No B) Yes Yes C) No Yes D) Yes No

Which of the following give the nominal value of a variable? Check all that apply. Poornima's wage is $14.00 per hour in 2013. Poornima's wage is 2 paperback novels per hour in 2013. The price of a donut is $2.00 in 2013.

Joan, is a jewelry designer who had created a unique new jewelry piece called a neacklet. It can be either a necklace or a bracelet. She would like to start her own business, but is not sure which form would suit her needs.

Using the percentage-of-receivables method for recording bad debt expense, estimated uncollectible accounts are $57000. If the balance of the Allowance for Doubtful Accounts is an $11400 debit before adjustment, what is the balance after adjustment?

On March 14, Zest Co. accepted a 120-day, 6% note in the amount of $5,000 from AZC Co., a customer. On the due date of the note, AZC dishonors the note and fails to pay.

A building with a book value of $54,000 is sold for $63,000 cash. Using the indirect method, this transaction should be shown on the statement of cash flows as an increase of a.

What is a diversionary incentive? a. a temptation to switch trading partners to get a better deal b. an opportunity to change international agreements while other states are preoccupied with a conflict c. a payoff for avoiding war d.

A business may decide to pay employee salaries every week, every two weeks, twice a month, or once a month. True or False?

Bank of the Atlantic has liabilities of $4 million with an average maturity of two years paying interest rates of 4.0 percent annually. It has assets of $5 million with an average maturity of 5 years earning interest rates of 6.0 percent annually.