Which of the following would be passed as a parameter for the SetLineColor method?
a) 100
b) 275
c) #ffffff
d) black
Ans: (a)
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Clemente Inc. incurs the following costs to produce 10,000 units of a subcomponent:
Direct materials $8,400 Direct labor 11,250 Variable overhead 12,600 Fixed overhead 16,200 An outside supplier has offered to sell Clemente the subcomponent for $2.85 a unit. If Clemente could avoid $3,000 of fixed overhead by accepting the offer, net income would increase (decrease) by a) $(3,150). b) $6,750. c) $750. d) $(5,850).
Which of the following is the correct order of the steps in the accounting cycle?
A) Analyze, record, adjust, report, and close B) Report, analyze, close, record, and adjust C) Adjust, report, analyze, record, and close D) Record, report, analyze, adjust, and close