Activity-based costing is a method of accumulating and allocating costs by department
Indicate whether the statement is true or false
False
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When processing non-invoiced disbursements, the trigger for either a true voucher process or a non voucher process is a(n) ______________________________
Fill in the blank(s) with correct word
A(n) _______________ leader is one who is focused on developing a long-term vision for the company and who uses a charismatic personality to communicate his or her vision to the employees.
a. Transactional b. Transformational c. Rational d. Committed
According to the service profit chain:
A. Reliability is the most important of all the desired service characteristics B. Internal marketing is more important than either interactive or external marketing C. There is an underlying logic connecting employee satisfaction and customer loyalty D. The strategies for internal, external and interactive marketing are equally important E. Customer loyalty is unrelated to internal marketing
Prudencio Corporation has provided the following information concerning a capital budgeting project: After-tax discount rate 13%Tax rate 30%Expected life of the project 4 Investment required in equipment$160,000 Salvage value of equipment$0 Annual sales$400,000 Annual cash operating expenses$290,000 One-time renovation expense in year 3$40,000?The company uses straight-line depreciation on all equipment. Assume cash flows occur at the end of the year except for the initial investments. The company takes income taxes into account in its capital budgeting. The total cash flow net of income taxes in year 2 is:
A. $110,000 B. $61,000 C. $89,000 D. $70,000