Accruals that are based on estimated changes in fundamental economic performance of the firm are:
A. Discretionary accruals
B. Nondiscretionary accrual
C. Cookie jar accruals
D. Operating accruals
Answer: B
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Magenta Inc. reports the following information for the current year, which is its first year of operations:Units produced this year 750,000unitsUnits sold this year 740,000unitsDirect materials$18.30per unitDirect labor$14.20per unitVariable overhead ?in totalFixed overhead$4,500,000in totalIf the company's cost per unit of finished goods using absorption costing is $39.75, what is total variable overhead?
A. $937,500 B. $925,000 C. $877,500 D. $5,437,500 E. $865,800
Lance sued Mega Corp for negligence, and a jury awarded him $1.2 million. Mega Corp filed a motion for judgment NOV, and that motion was denied by the trial court. Mega Corp then appealed the case. Discuss a judgment NOV and when it is appropriate for a judge to grant such a judgment
Some outcomes can be studied at the individual, group, and organization levels. Which of the following is generally assessed at both the individual and organizational levels?
A. Absenteeism B. Financial performance C. Survival D. Norms E. Cohesiveness
Business analysis is different from operational databases. Which of the following is not a reason why?
A. Data stored in operational databases did not allow users direct access. B. Every department has its own method for recording data. C. The data is standardized. D. The data collected is not always useful for intended purposes.