Shares outstanding may be less than shares issued.

Answer the following statement true (T) or false (F)


True

Business

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The various methods, rules, practices, and other procedures that have evolved over time in response to the need to regulate the preparation of financial statements are called __________________________________________________

Fill in the blank(s) with correct word

Business

Garza Corporation has two production departments, Casting and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Casting Department's predetermined overhead rate is based on machine-hours and the Customizing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates:  CastingCustomizingMachine-hours 20,000 13,000Direct labor-hours 1,000 7,000Total fixed manufacturing overhead cost$152,000$68,600Variable manufacturing overhead per machine-hour$2.10  Variable manufacturing overhead per direct labor-hour  $4.30The estimated total manufacturing overhead for the Customizing Department is closest to:

A. $30,100 B. $68,600 C. $98,700 D. $54,110

Business

Yosma manages a clothing store. In November, sales were $192,300. In December, sales were $286,975. What was the rate of change? (Round to the nearest hundredth)

A. 11.7% increase B. 49.23% increase C. 49.23% decrease D. 22.4% decrease

Business

When Frida was determining if her decision was ethical, she asked herself, "Would the people with whom I have a significant personal relationship, such as family members, friends, or even managers in other organizations, approve of the decision?" Frida was demonstrating which rule of ethical decision making?

A. practical B. utilitarian C. moral rights D. moral scruples E. justice

Business