________ is the deliberate misuse of the employer's assets for the employee's personal gain.
What will be an ideal response?
Fraud
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If beginning and ending work in process inventories are $5,000 and $15,000, respectively, and cost of goods manufactured is $170,000, what is the total manufacturing cost for the period?
A. $160,000. B. $180,000. C. $155,000. D. $175,000. E. $165,000.
Which of the following statements about functional-level managers is true?
A. They oversee the operation of an entire company or division. B. Their sphere of responsibility is generally confined to one organizational activity. C. Their activities and roles have no importance in realizing the strategic goals of an organization. D. They provide a link between the people who oversee the strategic development of a firm and those who own the firm. E. They occupy the apex of decision making within an organization.
Barbara's Boats uses the periodic inventory system and the net method of accounting for purchases. The company had the following transactions during January:January 6:Purchased $10,000 of inventory. The seller's credit terms are 2/10, n/30.January 31:Due to an oversight, the invoice was not paid within the discount period. Full payment was made on January 31.Prepare journal entries to record each of the preceding transactions.
What will be an ideal response?
Walt's monthly salary is $6,962.50. What would be his equivalent semimonthly salary?
A) $2,451.92 B) $2,375.96 C) $2,840.41 D) $3,481.25