Tony requests a credit approval of $25,000. Instead, he gets $15,000 approved as customer credit. Which of the following problems caused by information silos is most likely the reason behind it?
A. limited information
B. data duplication
C. disjointed processes
D. isolated decisions
E. improper data normalization
Answer: C
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Which of the following forms of countertrade does not require use of money or credit between parties?
A) barter B) switch trading C) offset D) compensation trading E) none of the above
With a beginning inventory of zero for all components and finished items, how many assembly Es are needed to produce 20 product Xs?
A) 180 B) 220 C) 260 D) 300
Aronson & Associates LLP Aronson & Associates LLP, an accounting firm, assigns overhead to clients based on direct labor hours. The following information is available for the month of March: Estimated direct labor hours 8,000 hours Estimated overhead costs $16,000 Actual direct labor hours 8,100 hours Actual overhead costs $16,190 Refer to the Aronson & Associates LLP information above. The
amount of applied overhead for March will be: A) $8,000 B) $16,200 C) $16,190 D) $16,000
Steve's Book Review billed customers $550. The journal entry to record this transaction is
a) Accounts receivable debit $550; editing fees credit $550 b) Editing fees debit $550; Riley, capital credit $550 c) Accounts payable debit $550; editing fees credit $550 d) Accounts payable debit $550; Riley, capital credit $550