Generally, recognition criteria are met and revenues are recognized
a. at the point of sale.
b. when cause and effect are associated.
c. at the point of cash collection.
d. at appropriate points throughout the operating cycle.
A
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Which of the following must be present for an offer to have a legal effect?
A. Communication of the intention B. Invitation to negotiate C. Invitation to offer D. Definiteness
Dotterel Corporation uses the variable cost concept of product pricing. Below is cost information for the production and sale of 35,000 units of its sole product. Dotterel desires a profit equal to a 11.2% rate of return on invested assets of $350,000. Fixed factory overhead cost $105,000 Fixed selling and administrative costs 35,000 Variable direct materials cost per unit 4.34 Variable direct
labor cost per unit 5.18 Variable factory overhead cost per unit .98 Variable selling and administrative cost per unit .70 The markup percentage for the sale of the company's product is: A) 14% B) 5.6% C) 45.71% D) 11.2%
One of the most important examples of a well-developed labor-management partnership existing in the U.S. can be found at:
A. Kaiser Permanente B. Saturn C. Imperial Oil D. Toyota
A study varied the degree to which managers performed work that was more complex, equally complex, or less complex than the work done by those they supervised. This study found that
a. higher rates of order-giving increased perceptions of leadership ability when the managers performed either relatively more complex work, or relatively less complex work b. managerial complexity had no effect on how the managers were rated on leadership c. regardless of the managers’ relative complexity, high rates of order-giving reduced the subordinates’ ratings of the leader d. high rates of order-giving increased ratings of the leaders across all levels of relative task complexity