After an incident is escalated to level three, any and all resources needed to resolve the incident work together until a resolution is reached.
Answer the following statement true (T) or false (F)
True
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Spencer Co. has a $200 petty cash fund. At the end of the first month the accumulated receipts represent $43 for delivery expenses, $127 for merchandise inventory, and $12 for miscellaneous expenses. The fund has a balance of $18. The journal entry to record the reimbursement of the account includes a:
A. Credit to Inventory for $127. B. Debit to Petty Cash for $200. C. Debit to Cash Over and Short for $18. D. Credit to Cash Over and Short for $18. E. Credit to Cash for $182.
Ahmed & Co. makes and sells two types of shoes, Plain and Fancy. Data concerning these products are as follows: Plain FancyUnit selling price$20.00 $35.00 Variable cost per unit 12.00 24.50 Sixty percent of the unit sales are Plain, and annual fixed expenses are $45,000. Assuming that the sales mix remains constant, the total number of units that Ahmed must sell to break even is:
A. 2,647. B. 4,737. C. 5,000. D. 2,432. E. None of the answers is correct.
In a column in the New York Times, a writer referred to a U.S. senator as "a sleazy operative". Assuming the statement is not true, which of the following statements is correct? A) ?The writer and the paper have made a statement that qualifies for recovery under defamation
B) ?The statement does not qualify as a basis for a defamation suit. C) ?There can be no defamation suit because the senator is a public figure. D) The statement is defamatory per se.
What should you measure to determine how critical a problem is for the organization?
What will be an ideal response?