What happens when people of diverse backgrounds are allowed in but expected to conform to the existing culture?
a. The diversity advantage does not get realized.
b. The new employees will only stay with the new company for short time.
c. Conflicts stays at a reduced level.
d. Contrarian and creative ideas will flourish.
a. The diversity advantage does not get realized.
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Which of the following is an example of a fixed cost?
a. Depreciation expense computed on the units-of-production basis. b. Electricity used to power the machines. c. Plant manager's salary. d. Supplies and small tools expense.
Deloitte & Touche solved the empty desk problem by:
A) assigning permanent desks. B) implementing a "hoteling" program. C) creating open offices. D) no longer allowing employees to work from home. E) reducing the number of allowable sick days per employee.
The Tulip Company uses the percent of receivables method of accounting for uncollectible accounts receivable, and a perpetual inventory system. As of January 1, its net accounts receivable totaled $485,000 (Accounts Receivable $500,000 less a $15,000 Allowance for Doubtful Accounts). During the current year, the following transactions occurred. 1)Merchandise costing $2,400,000 was sold on account for $4,000,000. 2)The company collected $3,880,000 from customers on account.3)$20,000 of accounts receivable were deemed uncollectible and written off.4)$3,000 of accounts receivable previously written off as uncollectible were recovered.5)At year-end, Lily Company estimates that 3% of its accounts receivable are uncollectible.Prepare journal entries to record these transactions.
What will be an ideal response?
During a period of rising inventory prices, a company's cost of goods sold would be higher using the LIFO cost flow method than with FIFO.
Answer the following statement true (T) or false (F)