Effective cost control begins in the planning stage of the management cycle
Indicate whether the statement is true or false
true
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Prepare the journal entry to close the revenue and other income accounts. Omit explanation.
An adjusted trial balance for a merchandiser is given below.
Francisco wants to ensure his employees’ attitudes about the mission of his organization are positive. Which of the following suggestions could improve his employees’ attitudes?
A. Tell employees what their attitude should be. B. Leave them alone to think what they want. C. Fire disagreeing employees. D. Let employees state perceptions of the organization during a team meeting.
Canfield Technical School allocates administrative costs to its respective departments based on the number of students enrolled, while maintenance and utilities are allocated per square feet of the classrooms. Based on the information below, what is the total amount of administrative cost to the Accounting Department (rounded to the nearest dollar) if administrative costs for the school were $50,000, maintenance fees were $12,000, and utilities were $6,000? DepartmentStudents Classrooms Electrical 120 10,000 sq. ft. Welding 70 12,000 sq. ft. Accounting 50 8,000 sq. ft. Carpentry 40 6,000 sq. ft. Total 280 36,000 sq. ft.
A. $8,929. B. $11,111. C. $17,000. D. $22,667. E. $18,500.
Through fraudulent means, Finlay induces Ethel to sign a contract to in-vest with him the profits from her business. When Ethel learns the truth, she may A) only enforce the contract
B) ?only recover what she invested with Finlay. C) enforce the contract or recover what she invested with Finlay. D) ?do nothing.