Which of the following would not be helpful in self-motivation?
a. Remembering your long-term goals
b. Reflecting on past successes
c. Cultivating a positive attitude
d. All of the above would be helpful
d
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The predetermined overhead allocation rate is an estimated overhead cost per unit of the allocation base and is calculated at the beginning of the accounting period
Indicate whether the statement is true or false
St. Philip Company ordered parts costing €100,000 from a foreign supplier on January 15 when the spot rate was $0.20 per €. A one-month forward contract was signed on that date to purchase €100,000 at a forward rate of $0.23. The forward contract is properly designated as a fair value hedge of the €100,000 firm commitment. On February 15, when the company receives the parts, the spot rate is $0.22. At what amount should St. Philip Company carry the parts inventory on its books?
A. $20,000 B. $21,000 C. $22,000 D. $23,000