______ is/are our sensitivity to moral issues and options.
A. Moral ideals
B. Moral imagination
C. Moral insight
D. Moral beliefs
B. Moral imagination
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According to COSO, an effective accounting system performs all of the following except
a. identifies and records all valid financial transactions b. records financial transactions in the appropriate accounting period c. separates the duties of data entry and report generation d. records all financial transactions promptly
Most employees welcome the opportunity to be part of informal groups primarily because these groups
A. satisfy formal needs. B. improve technical skills. C. help in enhancing productivity. D. satisfy social needs.
Bachrodt Corporation uses activity-based costing to compute product margins. Overhead costs have already been allocated to the company's three activity cost pools--Processing, Supervising, and Other. The costs in those activity cost pools appear below: Processing$21,600Supervising$3,700Other$10,700Processing costs are assigned to products using machine-hours (MHs) and Supervising costs are assigned to products using the number of batches. The costs in the Other activity cost pool are not assigned to products. Activity data appear below MHs (Processing)Batches (Supervising)Product Y73,700400Product V06,300600Total10,0001,000Finally, sales and direct cost data are combined with Processing and Supervising costs to determine product margins. Product Y7Product V0?Sales
(total)$102,200$78,900?Direct materials (total)$40,800$39,100?Direct labor (total)$47,200$22,300?The activity rate for the Processing activity cost pool under activity-based costing is closest to: A. $3.60 per MH B. $2.10 per MH C. $1.50 per MH D. $2.16 per MH
Exempt securities include ________.
A. stock dividends and stock splits B. IPOs made by multinational corporations C. securities that have been held by a single investor for longer than a year D. securities worth $1 million or more