Payment is made for the telephone bill which was recorded previously. What effect does this transaction have on the accounting equation?
A) Assets and liabilities increase
B) Assets and retained earnings increase
C) Liabilities increase and contributed capital decreases
D) Assets and liabilities decrease
D
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Christine’s purse manufacturing company has made substantial profit over the past decade. For the first few years, she reinvested all of the profit back in the business, but now she feels it is time to channel her profits toward community endeavors. She is opening a store in a rough part of town and donating money to the city to help revitalize the district. Christine is operating at what level of corporate social responsibility?
A. economic B. legal C. ethical D. discretionary
Which of the following is a valid objection to a discharge in bankruptcy?
A. The debtor wants an opportunity to reorganize his or her business. B. The debtor is not able to satisfactorily explain the loss in assets. C. The debtor was unaware of embezzlement by his or her financial advisors. D. The debtor has more than 12 creditors and only 7 have filed for involuntary bankruptcy.
The formula to compute direct labor time variance is to calculate the difference between
A) actual costs - standard costs B) actual costs + standard costs C) (actual hours standard rate) - standard costs D) actual costs - (actual hours standard rate)
You are the supervisor of an employee who just learned that she did not receive the promotion she had anticipated. You call her into your office and ask her to discuss her reaction. What type of listening are you engaged in?
a. Casual listening b. Listening for information c. Intensive listening d. Empathetic listening