Trompenaars's universalism-particularism dimension addresses
A. which matters most to people in the society, universal goodness or particularist emotions.
B. a culture's inclination to have a global foreign policy.
C. the degree to which the individual (particularist) is the focus of social attention.
D. whether rules or relationships regulate behavior.
Answer: D
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If a promissory note is dishonored, the payee should record interest income
Indicate whether the statement is true or false
Compass Metal Bearings produces two sizes of metal bearings (sold by the crate)—standard and heavy. The standard bearings require $200 of direct materials per unit (per crate), and the heavy bearings require $245 of direct materials per unit. The operation is mechanized, and there is no direct labor. Previously Compass used a single plantwide allocation rate for manufacturing overhead, which was $1.55 per machine hour. Based on the single rate, gross profit was as follows:
Although the data showed that the heavy bearings were more profitable than the standard bearings, the plant manager knew that the heavy bearings required much more processing in the metal fabrication phase than the standard bearings, and that this factor was not adequately reflected in the single plantwide allocation rate. He suspected that it was distorting the profit data. He suggested adopting an activity-based costing approach.
Working together, the engineers and accountants identified the following three manufacturing activities and broke down the annual overhead costs as shown below:
Engineers believed that metal fabrication costs should be allocated by weight and estimated that the plant processed 12,000 kilos of metal per year. Machine processing costs were correlated to machine hours, and the engineers estimated a total of 380,000 machine hours f
Which of the following statements regarding intangible assets is NOT correct?
a. Intangible assets represent long-term rights and privileges of a nonphysical nature. b. Intangible assets should be amortized over a period not to exceed 40 years. c. Intangible assets must be tested regularly to determine if their value has been impaired. d. A trademark is an example of an intangible asset.
Web-related global sales should have the highest market penetration for which type of goods and services?
a. cars b. flowers c. books d. toys/dolls