Generally accepted accounting principles require that certain unusual items be reported on the income statement. These items can be classified into two categories. One such category is those items that affect the current period income statement
Indicate whether the statement is true or false
True
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Sean has two supervisors who both provide appraisals on his performance. On a scale of 1–5, both supervisors gave Sean a 4.2. It is likely that Sean’s performance appraisal is ______.
A. valid B. reliable C. specific D. feasible
Dinham Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During March, the kennel budgeted for 4100 tenant-days, but its actual level of activity was 4130 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for March:Data used in budgeting: Fixed element per month Variable element per tenant-dayRevenue - $35.00?Wages and salaries$3000? $8.00?Food and supplies 2000? 14.50?Facility expenses 8500? 3.50?Administrative expenses 7000? 0.50?Total expenses$20,500? $26.50??Actual results for March: Revenue$133,251? Wages and salaries$28,600? Food and supplies$62,225? Facility
expenses$22,550? Administrative expenses$7100? The spending variance for food and supplies in March would be closest to: A. $340 F B. $340 U C. $775 U D. $775 F
The Youngstown Company recorded the following adjustment in general journal format:Supplies Expense500 Supplies 500Which of the following choices accurately reflects how this event would affect the company's financial statements? Asset=Liab.+Stk.EquityRev.-Exp.=Net Inc.Stmt ofCash FlowsA.+=++NA+-NA=++OAB.-=NA+-NA-+=--OAC.-=NA+---NA=-+OAD.-=NA+-NA-+=-NA
A. Option A B. Option B C. Option C D. Option D
The part of the labor-management negotiation process that focuses on dividing a fixed economic "pie" is known as
A. attitudinal structuring. B. integrative bargaining. C. collective bargaining. D. distributive bargaining. E. intraorganizational bargaining.