Wesson Company sold 10,000 units of its only product in the first half of the year. If sales increase by 12% in the second half of the year, which cost will increase?
A. Direct materials.
B. Office rent.
C. Depreciation on equipment.
D. Wages of administrative staff.
E. Property insurance.
Answer: A
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Organizational dimensions, the outer layer of the diversity wheel, include all of the following except
A. management status. B. union affiliation. C. seniority. D. work location. E. ethnicity.
You are reviewing the accounting records of Buddy's Foreign Automotive, owned by a single stockholder, Bruce Jones. You have uncovered the following situations. List the appropriate accounting principle related to each independent scenario and suggest a correct action for each.1. In August, a check for $500 was written to Community Sports. This amount represents soccer camp for his daughter Cassie.2. Bruce plans a Going Out of Business Sale for June, since he will be closing the business for a month-long vacation in July. He plans to reopen August 1 and will continue operating Buddy's Foreign Automotive indefinitely.3. Buddy received a shipment of tools from Ontario, Canada. The invoice was stated in Canadian dollars.4. Sandy Lane paid $1,500 for a major repair services. The amount was
recorded as revenue. The parts for the repair must be ordered from overseas and the service won't be complete until the following month. What will be an ideal response?
Management suspects it was Ramon who tipped off a safety inspector that one of the managers had hidden chemicals from the lab in the trunk of his car until the inspection was completed. After the inspection, managers began changing Ramon’s schedule and job duties daily. Ramon found that he could not plan for his children to be cared for while he was at work because his work schedule kept changing. Eventually, Ramon quit. It is likely Ramon experienced ______ discharge.
A. wrongful B. constructive C. economic D. express
Cash equivalents include:
A) treasury bills. B) equity investments. C) money market accounts and commercial paper. D) certificates of deposit.