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

China, India, Eastern Europe, and other developing countries have been sourcing hot spots. Explain why and also discuss any problems you see in sourcing from these low - cost countries.

Micron Precision purchased equipment on January 1, 2018 , for $ 40,606. Suppose Micron Precision sold the equipment for $ 30,000 on December 31, 2019. Accumulated Depreciation as of December 31, 2019 , was $ 12,494.

The year-end balance of retained earnings appears in a. both the retained earnings statement and the income statement b. only the retained earnings statement c. both the retained earnings statement and the statement of cash flows d.

Mocha Company earned net income of $ 105,000 during the year ended December 31, 2018. On December 15, Mocha declared the annual cash dividend on its 2 % preferred stock (par value, $ 125,000 ) and a $0.

The account cash overage is which type of account? an asset account a liability account a miscellaneous revenue account a miscellaneous expense account

Following the completion of the bank reconciliation, an adjusting entry was made that debited cash and credited Interest Revenue. Therefore the bank reconciliation must have included an item that was: A.

Which of the following is least likely to be a factor in developing a sales forecast? a. Number of salespeople employed by the firm's major competitors b. Geographic area in which the product is sold c. Entire product line d.

Should you use a personal website, such as a blog, for research? Question 20 options: True False

Calculating the number of periods. at 4.7 percent interest, how long does it take to double your money? to quadruple it?

What tool does the US government use to keep track of inflation throughout the years