The standard that companies set after considering the factors such as lost time and normal waste and spoilage are:
a. Attainable standards.
b. Ideal standards.
c. Limited standards.
d. Theoretical standards.
a
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"Forms good team relationships with others" describes the interviewer characteristic of ________
A) aptitude B) teamwork C) command D) ethics E) third ear
Types of Audit Opinions A CPA has completed an audit of the financial statements of a long-haul trucking company for the year ended December 31, 2014 . Prior to 2014, the company depreciated its trucks over 10 years. However, during 2014, the company
determined that a more realistic estimated life for its trucks was 8 years and computed the 2014 depreciation on the basis of the revised estimate. The CPA is satisfied that the 8 year estimate is reasonable, but the change will have a material effect on the comparability of the company's financial statements. The company adequately disclosed the change in estimated useful lives of its trucks and the effect of the change on 2014 income in a note to the financial statements. REQUIRED: Which type of audit report would you suggest be issued on the 2014 financial statements and why?
Ribena Automobiles launched an electric car called Guépard a few months ago. The initial launch created quite a buzz in the market because of the new technology used in the car. Later, to boost sales and make people choose Guépard over other cars, the company aired an ad promoting it as "the car for people who care." In the given scenario, the promotion strategy used by Ribena Automobiles is an example of _____.
a. persuasive promotion b. relationship promotion c. informative promotion d. reminder promotion
The profitability index is computed by dividing the present value of net cash flows by the initial investment.
Answer the following statement true (T) or false (F)