Auditors should be aware that a voucher system may result in which of the following at year-end:
A. Understatement of liabilities.
B. Overstatement of expenses.
C. Overstatement of assets.
D. Understatement of owners' equity.
Answer: A
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Which of the following would not be an acceptable method of presenting current liabilities on the balance sheet?
A) alphabetically B) in order of their average time to maturity C) in order of their liquidation preference D) in order of their amount (largest to smallest)
Forcefield analysis is an organizational development intervention ______.
a. technique that brings together participants from all parts of the organization to problem solve or take advantage of opportunities b. that diagrams the current level of performance, the forces hindering change, and the forces driving toward change c. that uses a questionnaire to gather data to use as the basis for change d. in which the change agent makes a direct recommendation for change
A company has one office with nine employees and a second office with 12 employees. If an employee who works in the first office is harassed and attempts to sue under Title VII, which of the following questions becomes a relevant issue:
a. whether this is a single, integrated enterprise b. whether these are joint employers c. whether the multi-employer doctrine applies d. whether the joint payroll method applies e. whether Title VII applies extraterritorially
Delongis Corporation, a merchandising company, reported the following results for June: Number of units sold 1,200unitsSelling price per unit$221per unitUnit cost of goods sold$97per unitVariable selling expense per unit$12per unitTotal fixed selling expense$7,300 Variable administrative expense per unit$8per unitTotal fixed administrative expense$15,300 Cost of goods sold is a variable cost in this company.The gross margin for June is:
A. $124,800 B. $102,200 C. $148,800 D. $242,600