The qualitative characteristic that says accounting information can influence users' decisions by allowing them to assess past performance is:
A. Timeliness.
B. Neutrality.
C. Predictive value.
D. Confirmatory value.
Answer: D
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A negative correlation always exists between sustainability and competitiveness
Indicate whether the statement is true or false
If a company purchases $3,000 worth of inventory with terms of 1/15, n30 and pays within 15 days, then the amount paid to the seller would be
a. $2,550 b. $2,970 c. $3,000 d. $3,030
Saber Promotional Services uses a job order system for costing and billing promotional services for dance and ballet performances. Saber has four public relations specialists and office staff. At the beginning of the year, Saber estimated the total cost of salaries and benefits for the public relations specialists at $404,000 and a total of 7100 billable hours for the year. The office and administrative costs were estimated at $676,000. The allocation base for office and administrative costs is billable hours. What rate would Saber use for allocating the cost of its office and administrative staff? (Round your answer to the nearest cent.)
A) $95.21 per hour B) $152.11 per hour C) $38.31 per hour D) $56.90 per hour
Which term refers to the process by which a salesperson uncovers and clarifies a customer's problem, works with the customer to create a vision of how things could be better, and then develops a plan for implementing the vision?
A) product development B) quality control C) field testing D) solution selling E) product configuration