A new policy at work requires Jason to stay later on Wednesdays to attend mandatory project meetings. Wednesdays are usually when Jason takes his daughter to soccer practice. Jason would rather have the project meetings earlier in the morning on Wednesdays or stay later on Thursdays so he can still make time for his daughter. What is Jason’s reason for resisting change?
a. learning anxiety
b. self-interest
c. fear of loss
d. uncertainty
b. self-interest
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Minstrel Manufacturing uses a job order costing system. During one month Minstrel purchased $198,000 of raw materials on credit; issued materials to production of $195,000 of which $30,000 were indirect. Minstrel incurred a factory payroll of $150,000, of which $40,000 was indirect labor. Minstrel uses a predetermined overhead rate of 150% of direct labor cost. The journal entry to record the application of factory overhead to production is:
A. Debit Work in Process Inventory $225,000; credit Factory Overhead $225,000. B. Debit Work in Process Inventory $165,000; credit Factory Overhead $165,000. C. Debit Work in Process Inventory $165,000; credit Factory Payroll $165,000. D. Debit Factory Overhead $165,000; credit Work in Process Inventory $165,000. E. Debit Factory Payroll $150,000; credit Work in Process Inventory $150,000.
For each of the following separate cases, use the information provided to calculate the missing cash inflow or cash outflow using the direct method.(a)Accounts receivable balances:?? Beginning of year $ 60,000? End of year 63,000?Sales revenue (all on credit) 395,000?Cash received from customers $______???(b)Accounts payable balances:?? Beginning of year $ 42,000? End of year31,000?Merchandise inventory balances:?? Beginning of year 50,000? End of year 52,500?Cost of goods sold250,000?Cash paid for merchandise inventory $ ______???(c)Interest payable balances:?? Beginning of year $ 7,500? End of year 8,200?Interest expense 31,000?Cash paid for interest $ ______
What will be an ideal response?
Which of the following is not correct about the intrastate offering exception under the Securities
Act of 1933? A) The issuer must be a resident of the state for which the exemption is claimed. B) The issuer must do business only in the state for which the exemption is claimed. C) The purchasers must all be residents of the state for which the exemption is claimed. D) The issuer can qualify for the exemption in only one state.
In the EPQ model, if all the assumptions are true, then the total annual cost associated with the inventory is ______.
a. the sum of total annual setup cost and the total annual holding cost b. the sum of total annual setup cost and the total annual ordering cost c. the sum of total production cost and the total annual ordering cost d. the sum of total production cost and the total annual holding cost