The decision whether a pension plan should be offered is the responsibility of the
A. union and Department of Labor representatives.
B. employees.
C. employer.
D. Pension Benefit Guaranty Corporation.
Answer: C
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With the periodic inventory system, the inventory account is updated after each sale or purchase
a. True b. False Indicate whether the statement is true or false
The entry to record a purchase of $12,000 in merchandise assuming terms of 2/10, n/30 and a periodic inventory system would include a(n)
A) increase to Accounts Payable for $12,000. B) increase to Purchases Discounts for $240. C) decrease to Purchases for $12,000. D) decrease to Accounts Payable for $11,760.
A company has just received a special, one-time order for 1,000 units. Producing the order will have no effect on the production and sales of other units. The buyer's name will be stamped on each unit, at a cost of $1.50 per unit. Normal cost data, excluding stamping, follows: Direct materials…………………………… $ 10 per unit Direct labor……………………………….. 16 per unitVariable overhead………………………… 4 per unitAllocated fixed overhead…………………. 12 per unitAllocated fixed selling expense…………… 8 per unit Prepare an analysis that indicates the selling price per unit this company will require to earn $3,000 on the order.
What will be an ideal response?
To generate 100 random numbers in an Excel simulation, the "=RAND()" function is first typed into the A1 cell on an Excel spreadsheet. A1 can then be copied and pasted in a rectangular area on the spreadsheet to cover the cells:
A) A1:E5. B) A1:H12. C) A1:J10. D) A1:E22.