The aging of the population of a country is an example of a demographic force that affects organizations in the country.
Answer the following statement true (T) or false (F)
True
The aging of the population has several implications for the workplace. Most significant are a relative decline in the number of young people joining the workforce and an increase in the number of active employees who are postponing retirement.
You might also like to view...
Variables, other than the independent variables, that influence the response of the test units are called extraneous variables
Indicate whether the statement is true or false
On April 1, 2015, due to obsolescence resulting from a new technology, a company discarded a computer that cost $5,000, had a useful life of 4 years, and a salvage value of $400. Based on straight-line depreciation, the accumulated depreciation as of December 31, 2014 was $3,450. a. Prepare the journal entry to record depreciation up to the date of disposal of the computer.b. Prepare the journal entry to record the disposal of the computer.
What will be an ideal response?
In a job-order costing system that is based on machine-hours, which of the following formulas is correct?
A. Predetermined overhead rate = Actual manufacturing overhead ÷ Actual machine-hours B. Predetermined overhead rate = Estimated manufacturing overhead ÷ Estimated machine-hours C. Predetermined overhead rate = Actual manufacturing overhead ÷ Estimated machine-hours D. Predetermined overhead rate = Estimated manufacturing overhead ÷ Actual machine-hours
Which of the following statements regarding sales returns and allowances is not true?
A. Sales returns and allowances are recorded in a separate contra-revenue account. B. Sales returns and allowances are closed to the Income Summary account. C. Sales returns and allowances are rarely disclosed in published financial statements. D. A reduction in the selling price because of damaged merchandise is included in sales returns and allowances. E. Sales returns and allowances do not have an impact on gross profit.