In the Dichter Co., indirect labor is budgeted for $72,000 and factory supervision is budgeted for $24,000 at normal capacity of 160,000 direct labor hours. If 180,000 direct labor hours are worked, flexible budget total for these costs is

Companies record and report long-term notes receivable at the present value of the cash they expect to collect.

a. true b. false

It would not be considered commingling of funds if:

a. the broker holds an ernest money deposit check at the request of the offeror, until acceptance by the offeree. b. the broker holds an EMD check at the request of the offeror, after acceptance by the offeree c. the broker holds an EMD in his personal account until the offer is accepted or rejected d. the broker holds the EMD in his brokerage operating account because the deal is going to be all cash