The Balance Sheet should be prepared
A) before the income statement and the statement of owner's equity
B) before the income statement and after the statement of owner's equity
C) after the income statement and the statement of owner's equity
D) after the income statement and before the statement of owner's equity
C
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Hewlett-Packard uses FedEx to handle all of its fulfillment orders from its retail web site. Once an order is placed at the HP web site, it is automatically transmitted to FedEx's Memphis headquarters. Orders are packaged at FedEx's warehouse and shipped by FedEx to the HP customer. This arrangement was set up as a solution to problems with distribution capacity that HP experienced prior to the implementation of this arrangement. Which strategy is HP using to adjust capacity to match demand?
A. Cross-training employees B. Performing maintenance and renovations C. Using part-time employees D. Scheduling downtime during low periods E. Outsourcing activities
The static budget, at the beginning of the month, for La Verne Company follows:
Static budget: Sales volume: 2100 units: Sales price: $56.00 per unit Variable cost: $14.00 per unit: Fixed costs: $26,000 per month Operating income: $62,200 Actual results, at the end of the month, follows: Actual results: Sales volume: 1800 units: Sales price: $59.00 per unit Variable cost: $16.00 per unit: Fixed costs $35,000 per month Operating income: $42,400 Calculate the sales volume variance for variable costs. A) $12,600 U B) $4200 F C) $300 U D) $12,600 F
Which of the following is not one of the three ways of reporting on intercorporate equity investments?
a. Consolidated reporting as if the two separate legal entities are an accounting entity using the purchase method. b. Consolidated reporting using the pooling method c. Non-consolidation using the equity method of accounting d. Non-consolidation using a fair market value approach
The benefits of offshoring include ______.
a. availability of skilled human resources b. increased labor costs c. high processing costs d. availability of child labor