Each of the following were themes of Congressional investigations of the accounting profession during the 1970s and 1980s except:
A. Whether low-balling to obtain audits impairs independence
B. Whether nonaudit services impair auditor independence
C. The need for a report on internal controls
D. The importance of developing techniques to prevent and detect fraud
A. Whether low-balling to obtain audits impairs independence
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John is a sales representative for a pharmaceutical company, and he specializes in the sales of antibiotics to hospitals. What should John do to ensure that the pharmacists who place orders for medicines remember the brand of antibiotics that he sells?
A. He should give them free vouchers and medical insurance. B. He should use data mining strategies. C. He should offer bribes to the concerned pharmacists. D. He should give them useful items imprinted with his company's name. E. He should compel them to place regular orders with his company.
Preference data order the brands or stimuli in terms of respondents' preference for some property
Indicate whether the statement is true or false
An obligee who transfers the right to receive performance is called the ________
A) subsequent assignor B) obligor C) assignor D) assignee
Mentor Corp. has provided the following information for the current year:Units produced 3,500unitsSale price$200per unitDirect materials$70per unitDirect labor$55per unitVariable manufacturing overhead$20per unitFixed manufacturing overhead$350,000per yearVariable selling and administrative costs$30per unitFixed selling and administrative costs$150,000per yearCalculate the unit product cost using absorption costing.
A. $145 B. $125 C. $55 D. $275 E. $245