All of the following are true regarding the hiring process EXCEPT:
A) people want to work with people they like.
B) it is important to know about the company.
C) expect quick responses to your inquiries.
D) it is important to keep in touch.
C
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Answer the following statements true (T) or false (F)
1) An overstatement of ending merchandise inventory in the current period results in an overstatement of cost of goods sold in the current period. 2) An overstatement of ending merchandise inventory in the current period results in an understatement of cost of goods sold in the current period. 3) An inventory error cancels out after two periods. 4) Businesses strive to sell merchandise inventory quickly because the merchandise inventory generates no profit until it is sold. 5) Two ratios that help businesses monitor their inventory levels are days' sales in inventory and the inventory level ratio.
When actual capacity exceeds expected capacity, the result is a(n)
A) favorable fixed overhead volume variance. B) favorable materials quantity variance. C) unfavorable overhead variance. D) unfavorable materials quantity variance.
What important information is conveyed by the margin of safety calculation in CVP analysis?
Fireside, Inc. uses accrual basis accounting. Its balance sheets reported Accounts Receivable of $12,000 at the end of its first year and $18,000 at the end of its second year. Its income statement reported Sales Revenue of $120,000 in its second year. What would Fireside's revenues have been if it had used cash basis accounting?
A. $120,000 B. $12,000 C. $114,000 D. $126,000