You started your first job after graduating from college. Your company offers a retirement plan for which the company contributes 50 percent of what you contribute each year. You expect to contribute $2,000 per year from your salary. You decide to invest the contributions in assets that you expect to earn 10 percent per year. If you plan to retire in 40 years, how big will you expect that retirement account to be?
A. $442,592.56
B. $885,185.11
C. $1,527,787.70
D. $1,327,777.67
Answer: D
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Which of the following internal control activities could best prevent direct labor from being charged to manufacturing overhead?
A. Reconciliation of the unfinished job summary and production cost records. B. Comparison of period costs budgets and time sheets. C. Comparison of daily journal entries with the factory labor summary. D. Reconciliation of work in process inventory with cost records.
Hardigree Corporation uses a job-order costing system. Beginning balance in Work in Process$36,000(1)Raw materials purchased on account$207,000(2)Direct materials requisitioned for use in production$161,000(3)Indirect materials requisitioned for use in production$42,000(4)Direct labor wages incurred$87,000(5)Indirect labor wages incurred$101,000(6)Depreciation recorded on factory equipment$42,000(7)Additional manufacturing overhead costs incurred$57,000(8)Manufacturing overhead costs applied to jobs$219,000(9)Cost of jobs completed and transferred from Work inProcess to Finished Goods$403,000 The total amount of manufacturing overhead actually incurred was:
A. $219,000 B. $284,000 C. $242,000 D. $200,000
Work groups are similar to work teams -> the terms are almost interchangeable.
a. True b. False
A person cannot manage without leading
Indicate whether the statement is true or false