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Answer the following statement true (T) or false (F)
False
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Which of the following is not a problem inherent in balance sheet presentation?
a. Most assets are valued at cost. b. Varying methods are used for asset valuation. c. Not all items of value to the firm are included as assets. d. Liabilities related to contingencies may not appear on the balance sheet. e. The owners' interest will be indicated.
During March, the production department of a process operations system completed and transferred to finished goods 25,000 units that were in process at the beginning of March and 110,000 that were started and completed in March. March's beginning inventory units were 100% complete with respect to materials and 55% complete with respect to conversion. At the end of March, 30,000 additional units were in process in the production department and were 100% complete with respect to materials and 30% complete with respect to conversion. Compute the number of equivalent units with respect to both materials and conversion respectively for March using the FIFO method.
A. 165,000 materials; 144,000 conversion. B. 144,000 materials; 144,000 conversion. C. 165,000 materials; 165,000 conversion. D. 140,000 materials; 130,250 conversion. E. 135,000 materials; 119,000 conversion.
Answer the following statement(s) true (T) or false (F)
1. One of the communication barriers can be explained as the way we interpret situations clashes with the perceptions of others, leading to confusion and misconception. In other words, differing perceptions. 2. Upward communication sends messages from the lower levels of the organizational hierarchy to the higher levels and downward communication sends messages from the upper levels of the organizational hierarchy to the lower levels. 3. Formal networks of communication can include grapevines and gossip chains. 4. In high-context cultures “what you say is what you mean” and in low-context cultures, “what you say is not necessarily what you mean.” 5. The Japanese base their linguistic styles on status and choose from three different styles to express the appropriate level of social respect—basic speech, average speech, or elegant speech. This is an example of social context of cultural communication.
________ employer businesses (businesses that employ others besides the owners) will close within the first six years
A) Two out of every five B) One out of every two C) Three out of every five D) Seven out of every ten