Which of the following systems flowcharting guidelines is correct?
A. documents or reports printed by a central computer should first be show in that computer's column
B. sequential process steps, with no intervening delay, should be shown as one process
C. divide the flowchart into columns, one for each internal entity, and label each column
D. use a manual process symbol to show the sending or filing of a document
Answer: C
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Describe the differences between affirmative action, valuing diversity, and inclusion.
What will be an ideal response?
Cumberland Co sells $1,200 of inventory to Hancock Cofor cash. Cumberland paid $850 for the merchandise. Under a perpetual inventory system, which of the following journal entry(ies) would be recorded?
A) Cash 1,200 Dr, Merchandise Inventory 850 Cr B) Cash 1,200 Dr, Sales 1,200 Cr, Cost of Merchandise Sold 850 Dr, Merchandise Inventory 850 Cr. C) Cash 1,200 Dr, Sales 1,200 Cr D) Accounts Receivable 1,200 Dr, Sales 1,200 Cr, Cost of Merchandise Sold 850 Dr, Merchandise Inventory 850 Cr.
Which of the following statements regarding contingent liabilities is true?
A) If they are probable and estimable, then they must be recorded even before the outcome of the future event. B) If they are probable and estimable, then they should be disclosed in the notes to the financial statements. C) The accounting principle that determines whether a contingent liability is to be recorded is that of historical cost. D) Contingencies that are not estimable should not be recorded or disclosed in the financial statements even if they are probable.
Normative decision making is based on the assumption that:
a. decisions are made better by groups. b. the best type of decision making depends on the characteristics of team members. c. The best type of decision making depends on the size of the group. d. The best type of decision making depends on the nature of the problem.