An enterprise resource planning system integrates all data processing in a corporation into one unified system that would ____.
A. share data
B. have a standardized user interface
C. be centrally administered and maintained
D. all of the above
Answer: D
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All of the following are principal provisions of the Sarbanes-Oxley Act of 2002 except:
a. At least one member of the audit committee of the board of directors must be a "financial expert.". b. The lead audit or coordinating partner and the reviewing partner of the public accounting firm must rotate, or change, every five years. c. The firm's chief executive officer and the chief financial officer must issue a statement along with the audit report stating that the financial statements and notes fairly present the operations and financial position of the firm. d. The FASB has oversight and enforcement authority over the SEC.
Short-term notes payable represent a written promise by the business to pay a debt, without the addition of interest, within one year or less
Indicate whether the statement is true or false
Practical Products plans to manufacture 8,000 units over the next month at the following costs: direct materials, $480,000; direct labor, $60,000; variable manufacturing overhead, $150,000; straight-line depreciation, $24,000, and other fixed manufacturing overhead, $272,000. The result is total budgeted cost of $990,000.Shortly after the conclusion of the month, Practical Products reported the following costs:Direct materials used$490,500Direct labor69,600Variable manufacturing overhead132,000Depreciation24,000Other fixed manufacturing overhead272,000Total$988,100Supervisor, Calvin Moore and his crews turned out 7,200 units-a remarkable feat given that the company's manufacturing plant was closed for several days because of blizzards and impassable roads. Moore was especially pleased
with the fact that total actual costs were less than budget. He was thus very surprised when Practical's general manager expressed unhappiness about the plant's financial performance.Required: A. Prepare a performance report that fairly compares budgeted and actual costs for the period just ended-namely, the report that the general manager likely used when assessing performance.B. Should Moore be praised for "having met the budget" or is the general manager's unhappiness justified? Explain, citing any apparent problems for the firm. What will be an ideal response?
Use this information to answer the following questions
(a) Which fund does NOT charge a front-end load? (b) Which fund can best be described as a low-load fund? (c) What can you say about Fund B with respect to the type of investments it most likely holds? (d) If you want to buy a fund and hold it for five years, which one of these funds should you purchase based on fund costs? Assume the funds earn a positive rate of return each year. What will be an ideal response?