Production refers to all the activities and processes used in making both tangible and intangible products.

True or False

A company has a cash ratio of 2.3. what does this imply?

Suppose the working-age population of country a is 200 million, the number employed is 130 million, and the number unemployed is 10 million. what is the labor force participation rate?

Which account is credited when a job is completed? finished goods inventory. sales revenue. cost of goods sold. work in process inventory?

Oswego clay pipe company sold $46,000 of pipe to southeast water district #45 on april 12 of the current year with terms 1/15, n/60. oswego uses the gross method of accounting for cash discounts.

Pearland, Inc. has 8,000 shares of preferred stock outstanding. The preferred stock has a $90 par value, a 13% dividend rate, and is noncumulative.

Most businesses periodically remove bad accounts from their books true or false

A consulting firm has a predetermined overhead rate of $120 per labor hour. The Smith job required 5 hours to compete. The overhead cost applied to this job is $

Loren and Kendra enter into a contract for the distribution of Loren's produce to local restaurants for which he agrees to pay Kendra. Kendra transfers her right to payment under the contract to County Bank. This transfer is a. an alienation b.

Clara, at age 47, decided to adopt a child on her own because she tired of waiting around for "mr. Right" to come along. She decided to move on with her life. Clara is an example of a (n) :

Sandusky Company borrowed $28,000 from the Lakeside Bank by issuing a 10% three-year installment note. Sandusky agreed to repay the principal and interest by making annual payments in the amount of $11,259.21.