________________ and _______________ are both adequate responses to an influence tactic.
What will be an ideal response?
*a. Commitment and Compliance
*b. Compliance and Commitment
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Which of the following hold true in a case of liquidated damages?
A) For liquidated damages to be lawful, the actual damages must be precisely determined. B) Liquidated damages are enforceable even if actual damages are later determined to be different. C) A liquidated damages clause is considered a penalty if actual damages are not determinable in advance. D) If a liquidated damages clause is found to be a penalty, it continues to be enforceable.
If the company purchased a $60,000 piece of equipment by paying $30,000 and having the rest financed with a short-term note from the bank, then immediately after this transaction what is the expected impact on the components of the current ratio?
A. Current assets decrease and current liabilities increase by the same amount. B. Current assets increase. C. Current assets and current liabilities decrease by the same amount. D. Current liabilities decrease.
Bulk-breaking means separating products into grades and qualities as desired by different target markets.
Answer the following statement true (T) or false (F)
Trevorrow Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During June, the company budgeted for 6,200 units, but its actual level of activity was 6,160 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for June:Data used in budgeting: Fixed element per monthVariable element per unitRevenue - $27.80 Direct labor$0 $3.10Direct materials 0 10.20Manufacturing overhead 37,200 1.10Selling and administrative expenses 22,800 0.30Total expenses$60,000 $14.70?Actual results for June: Revenue$178,318Direct labor$18,606Direct materials$60,652Manufacturing overhead$43,896Selling and administrative
expenses$24,688?The activity variance for net operating income in June would be closest to: A. $9,256 F B. $9,256 U C. $524 F D. $524 U