In making a sales forecast, the business owner can only use his best judgment to determine projected costs and revenues.

a. True

b. False

The following labor standards have been established for a particular product:Standard labor-hours per unit of output 9.0hoursStandard labor rate$15.

A patient who contributes to causing harm is guilty of what kind of negligence?

The following amounts were reported on the December 31, 2019, balance sheet: Cash $ 16,000 Accounts receivable 44,000 Common stock 80,000 Wages payable 10,000 Retained earnings 160,000 Land 40,000 Accounts payable 30,000 Bonds payable 240,000

A consultant works for $200 per hour. She likes to grow vegetables, but is not very good at it. Why does it make more economic sense for her to spend her time at the consulting job and shop for her vegetables?

Consider the following set of numbers: {1, 2, 3, 4, 5, 6, 7, 8, 9, 10) What is the probability of drawing an even number or a multiple of 3? 25

Bricker enterprises purchased a machine for $207,000 on october 1, 2018. the estimated service life is ten years with a $20,500 residual value. bricker records partial-year depreciation based on the number of months in service.

What are two specific steps Chuck and Wendy could take to increase their net worth in the next year?

Luthan Company uses a predetermined overhead rate of $23.40 per direct labor-hour. This predetermined rate was based on 11,000 estimated direct labor-hours and $257,400 of estimated total manufacturing overhead.

Melanie Summer spoke to an investor who is interested in her business idea. Melanie offered to send the investor a copy of her full business plan, but the investor asked for a short overview of the business plan instead.

Willetta Company purchases inventory for $18,000 with terms 2/10, n/30. It then returns $2,800 of the inventory purchased to the supplier and also receives an allowance for defective inventory of $180.