______ organization refers to those elements of an organization that help to reduce individual variability in the behavior of organization members but is not reflected in a formal organization chart.
A. Informal
B. Formal
C. Global
D. Contextual
A. Informal
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Use this information to answer the following question. Oct. 1 Inventory 200 units @ $12.00 6 Purchase 300 units @ $13.20 13 Purchase 100 units @ $14.40 20 Purchase 200 units @ $15.60 25 Purchase 40 units @ $16.80 Total sales 620 units A periodic inventory system is used. Using LIFO, the cost assigned to ending inventory is
A) $3,480. B) $8,112. C) $2,664. D) $8,928.
ServicePro provides two kinds of services. During the most recent accounting period, the two service lines produced the following operating results: Service 1 Service 2Service revenue$105,000? $35,000? Unit-level materials$(25,000) $(7000)Unit-level labor$(35,000) $(19,000)Product-level selling & administrative costs$(15,000) $(8500)Company wide facility-level costs$(5000) $(5000)Net income (loss)$25,000? $(4500)If the company stops providing Service 2:
A. The company's income will decrease by $500 per year. B. The company's income will increase by $1500 per year. C. The company's income will increase by $500 per year. D. The company's income will decrease by $1500 per year.
When taxes are levied specifically for payment of interest and principal on long-term debt, those taxes are recognized:
A. As revenues in the capital projects fund with transfers made to the debt service funds for payments. B. As revenues in the General Fund with transfers made to the debt service funds for payments. C. As Other Financing Sources in the debt service fund. D. As revenues in the debt service fund.
The difference between a merger and an acquisition is ______.
A. that a merger involves one company purchasing the assets of another company with cash, whereas an acquisition involves one company becoming the owner of another company by buying all of the shares of its common stock. B. that a merger is the combining of two or more companies into a single corporate entity (with the newly created company often taking on a new name) whereas an acquisition is a combination in which one company, the acquirer, purchases and absorbs the operations of another, the acquired. C. basically a play on words—in both instances, two companies become one. D. that the brands of both companies are retained in a merger whereas with an acquisition there is only one surviving brand name. E. that a merger involves two or more companies deciding to adopt the same strategy whereas an acquisition involves one company becoming the owner of another company but with each company still pursuing its own separate strategy.