Which inventory costing method results in the lowest income tax expense during a period of decreasing prices?
a. Specific Identification
b. LIFO
c. FIFO
d. Weighted Average Cost
c
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Kilowatt hours would be an appropriate basis for distributing the cost of which of the following service departments to production departments?
a. Power b. Machine Maintenance c. Human Resources d. Building Maintenance
Which of the following is the correct formula for the asset turnover ratio?
A) Net sales / Average total assets B) Net sales / Cost of goods sold C) Net sales / Net assets D) Net profit / Net sales
Mythic Games Company employs two hundred workers full-time. If Mythic Games plans to have a mass layoff, it must provide its employees with at least
a. thirty days of notice. b. sixty days of notice. c. ninety days of notice. d. one year of notice.
Family retreats, which open lines of communication,
A. use the founding entrepreneur as a communication facilitator. B. avoid discussing sensitive issues for best results. C. involve family members but not in-laws. D. may result in formation of a family council to continue discussion.