Which one of the following fringe benefits allows for discrimination between highly compensated employees and other employees to be present?

A. qualified employee discounts
B. no-additional cost
C. working condition
D. recreation and athletic facilities


Answer: C

Business

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Given the large number of transactions affecting the Cash account during a period, most firms prefer to prepare the statement of cash flows after they have prepared

a. the funds flow statement and income statement. b. the balance sheet and funds flow statement. c. the income statement and the balance sheet. d. the statement of cash receipts and disbursements. e. none of the above.

Business

A budget for a single unit of a product or service is called as a:

A) fixed cost. B) real cost. C) standard cost. D) total cost.

Business

CREATE OR REPLACE PACKAGE product_info_pkg IS   PROCEDURE prod_search_pp      (p_id IN bb_product.idproduct%TYPE,       p_sale OUT bb_product.saleprice%TYPE,       p_price OUT bb_product.price%TYPE);       PROCEDURE prod_search_pp      (p_id IN bb_product.productname%TYPE,       p_sale OUT bb_product.saleprice%TYPE,       p_price OUT bb_product.price%TYPE);END;The code fragment above is an example of a(n) ____.

A. package body B. overloaded procedure C. purity level D. package scope

Business

Mcdougald Corporation is a service company that measures its output by the number of customers served. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results of operations for March. Fixed Element per Month Variable Element per Customer ServedActual Total for MarchRevenue   $6,500$169,700Employee salaries and wages$58,400 $1,000$83,200Travel expenses   $700$18,600Other expenses$41,500   $41,900When the company prepared its planning budget at the beginning of March, it assumed that 21 customers would have been served. However, 26 customers were actually served during March.The spending variance for "Employee salaries and wages" for March would have been closest to:

A. $3,800 U B. $1,200 F C. $3,800 F D. $1,200 U

Business