Which of the following techniques is not used to analyze cost behavior?
A. High-low method.
B. Least-squares regression.
C. Visual-fit method.
D. Multiple regression.
E. Linear programming.
Answer: E
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The purpose of the purchase order is to
a. order goods from vendors b. record receipt of goods from vendors c. authorize the purchasing department to order goods d. approve payment for goods received
Answer the following statements true (T) or false (F)
1. All transactions are recorded in either one of the special journals or in the general journal, but not both. 2. Because companies use special journals, the use of the General Journal is optional. 3. Hardware is electronic equipment that includes computers, monitors, printers, and the network that connects them. 4. In a networked system, the server stores the program and the data.
ABC Group (ABC), headquartered in Switzerland, is one of the world's largest engineering companies. ABC applies U.S. GAAP, and reports its results in millions of U.S. dollars. Based on ABC's financial reports for fiscal 2013, at January 1, 2013, ABC reported a balance in its Prepaid Rent account of $247 million; assume that this amount reflects its prepayments of rent on factory and office space
for the next month. Assume also that on January 31, 2013, ABC paid $3,200 million as the annual rent for the period from February 1, 2013, to January 31, 2014 . ABC has a calendar year reporting period. Select the correct journal entries that ABC Group would make during January 2013 that affect the Prepaid Rent account. a. Rent Expense $3,200 million Cash $3,200 million Prepaid Rent $247 million Rent Expense $247 million b. Rent Expense $3,200 million Prepaid Rent $3,200 million Prepaid Rent $247 million Cash $247 million c. Rent Expense $3,200 million Prepaid Rent $3,200 million Prepaid Rent $247 million Cash $247 million d. Rent Expense $247 million Prepaid Rent $247 million Prepaid Rent $3,200 million Cash $3,200 million e. none of the above
The STAR method refers to a
a. recommended format for writing a letter of recommendation: substantiation, thoughts, actions, and reasons. b. format to help the job applicant answer open-ended questions: situation or task, action, and result. c. reminder method for interview dressing: shined, tailored, accessorized, and ready. d. discovery process used in researching a position for which you will interview: salary, training, activities, and rewards.