The journal entry to record the payment of salaries for the month is:
A. Debit Cash; Credit Salaries Payable
B. Debit Salaries Expense; Credit Cash
C. Debit Salaries; Credit Accounts Payable
D. Debit Cash; Credit Salaries Expense
Answer: B
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Which of the following types of costs is an allocated cost based on the use of the plant, equipment, and other fixed expenses needed to run the production operation?
A) variable costs B) manufacturing overhead costs C) corporate overhead costs D) research and development expenses E) marketing sales and expenses
For an employee manual to be considered part of the employment contract, the employee must be told about it at what time?
A) At the time of hiring B) Immediately after being hired C) At any time during the course of employment D) Either A or B E) The employee manual cannot be part of the employment contract
________ is a term that refers to the chance of loss, the degree of probability of loss, and the amount of possible loss.
A. Insurability B. Hazard C. Speculation D. Risk
HHH Inc reported $12,500 of sales and $7,025 of operating costs (including depreciation). The company had $18,750 of investor-supplied operating assets (or capital), the weighted average cost of that capital (the WACC) was 9.5%, and the federal-plus-state income tax rate was 40%. What was HHH's Economic Value Added (EVA), i.e., how much value did management add to stockholders' wealth during the
year? a. $1,357.13 b. $1,428.56 c. $1,503.75 d. $1,578.94 e. $1,657.88