Fixed (Determinate)sentencing

question 55

Multiple Choice

Fixed (determinate) sentencing:

• A)is currently the only form of sentencing in all jurisdictions in the U.S.
• B)is currently not in favor in any U.S.jurisdiction.
• C)shares the stage with indeterminate sentencing but is being adopted by more and more jurisdictions.
• D)is only found in mandatory minimum statutes.

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Definitions:

Adjusting Journal Entry

A journal entry made at the end of an accounting period to record any unrecognized income or expenses for that period.

Cost of Goods Sold

This measure reflects the total costs involved in manufacturing or purchasing products that a company sells during a period, impacting gross profit and business strategy planning.

Applied Overhead

The amount of factory overhead costs allocated to individual units of production, based on a predetermined rate.

Actual Overhead

The real expenses incurred during a period for indirect costs, differing from budgeted or estimated overhead.