For each of the following variances, state which manager is most likely to be responsible for the variance.
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When a company uses the allowance method of accounting for uncollectible receivables, which entry would not befound in the general journal?
a. Bad Debt Expense Allowance for Doubtful Accounts 500 500 b. Bad Debt Expense Accounts Receivable, Bob Smith 500 500 c. Cash 300 Allowance for Doubtful AccountsAccounts Receivable, Bob Smith 200 500 d. Cash Accounts Receivable, Bob Smith 500 500
The unemployment rate when the economy is producing output equal to its potential is known as
A. the rate of disguised unemployment. B. the potential rate of unemployment. C. the natural rate of unemployment. D. equilibrium rate of unemployment.
The report’s title page includes all of the following EXCEPT ______.
A. the heading “Title Page” B. the report’s title C. identifications of the writer and the intended reader(s) D. date
When hiring clerks for the mail room, the Acme Global Corporation required applicants to take a sorting ability test. The test screened out many more Caucasian job candidates than it did African-American job candidates. The test appears to cause ___________.
A. disparate treatment B. divergent impact C. disparate impact D. illegal discrimination E. None of the above