A company's store was destroyed by an earthquake on February 10 of the current year. The only information for the current period that could be salvaged included the following:
Historically, the company's gross profit ratio has been 30%. Estimate the value of the destroyed inventory using the gross profit method.
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Payroll uses time card data to do all of the following except
a. prepare the payroll register b. update employee payroll records c. prepare the labor distribution summary d. prepare paychecks
Which of the following is consistent with McGregor's Theory Y management style?
a. Workers are concerned only about satisfying lower-level needs. b. Workers are motivated best by extrinsic incentives. c. Management exercises strong control with little emphasis on the individual. d. Management strives to balance control and individual freedom.
______ spurn social interactions with your company. They rarely use social media to connect with companies, brands, and products.
a. Social Stars. b. Social Savvies. c. Social Snackers. d. Social Skippers. e. None of these.
Helmers Corporation manufactures a single product. Variable costing net operating income last year was $86,000 and this year was $103,000. Last year, $32,000 in fixed manufacturing overhead costs were released from inventory under absorption costing. This year, $12,000 in fixed manufacturing overhead costs were deferred in inventory under absorption costing. What was the absorption costing net operating income this year?
A. $81,000 B. $123,000 C. $83,000 D. $115,000