Products Square, Rect, Tri, and Quatro have contribution margins of $5, $8, $6, and $4, respectively, and require 3.5, 2.5, 2, and 3 machine hours per unit, respectively. Assuming that all units produced could be sold and that total machine hours per month are limited, on which product should the company concentrate its efforts?
A) Square
B) Rect
C) Tri
D) Quatro
B
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Talia is performing a job analysis. She gives Eduardo a set of questions to answer, since he has held the position of line supervisor for more than a year. In this scenario, Talia is conducting ______.
A. an investigation B. performance evaluation C. a job analysis interview D. a downsizing
Which of the following statements is true of the Generally Accepted Accounting Principle (GAAP)?
A) It is used by auditors as a guide for their nonaudit services only. B) It is the accepted form of accounting principles around the world. C) It cannot be modified once established by the American Institute of Certified Public Accountants. D) It sets rules for how corporations must set their accounts on their financial statements.
________ strikes are frequently in violation of the collective bargaining agreement
A) Economic B) Wildcat C) Sit-down D) Partial
Answer the following statement(s) true (T) or false (F)
1. A general journal and general ledger are financial statements. 2. The accounting equation is: Assets = Liabilities + Owners’ Equity. 3. Inventory and accounts receivable are both included in Owners’ Equity. 4. Debits are always used to record increases in assets, liabilities, and owners’ equity. 5. In double-entry bookkeeping, the total amount of debits must always equal the total amount of credits.