An n × m matrix when added to a p × m matrix (p < m), yields
A) an n × m matrix.
B) an n × p matrix.
C) an m × p matrix.
D) an m × m matrix.
E) None of the above
E
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ERPs are useful to auditors for which of the following reasons?
A. ERPs are spread across multiple logical databases, allowing auditors to minimize disruption to processing when reviewing ERP activity. B. ERPs track details regarding creation, modification, and use of transactions throughout the organization in a single system. C. ERPs are required by the Sarbanes-Oxley Act of 2002. D. ERPs use cloud computing technology, which allows auditors to review transactions from anywhere.
Lots of Locks is an upscale hair salon with eight stylists. Its budget information follows: Budgeted direct labor cost $320,000 Budgeted overhead 160,000 Budgeted labor rate per hour $20 Since all of the stylists are paid the same rate, the proprietor allocates overhead to jobs based on direct labor hours. Angela Arnold brought her wedding party to Lots of Locks for styling. It took four
designers two hours each and the supplies totaled $50 . How much overhead was applied to the Arnold job? a. $50 b. $80 c. $160 d. $500
One of the principal regulatory components of the 1933 Act is ________.
A. the registration statement B. antifraud provisions C. the prospectus D. securities provisions
Discuss the following statement: "As long as the total variable overhead variance is small, the managers can be assured that actual activity is proceeding as planned. No further action is necessary."