Informational controls involve the balance and alignment of the culture, rewards, and boundaries of a firm.
Answer the following statement true (T) or false (F)
False
Strategic control is the process of monitoring and correcting the strategy and performance of a firm. Two central aspects of strategic control are informational control (the ability to respond effectively to environmental change) and behavioral control (the appropriate balance and alignment among the culture, rewards, and boundaries of a firm).
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Uniform Supply accepted a $4,800, 90-day, 10% note from Tracy Janitorial on October 17. What entry should Uniform Supply make on December 31, to record the accrued interest on the note?
A. Debit Cash $120; credit Interest Revenue $100; credit Interest Receivable $20. B. Debit Interest Receivable $20; credit Interest Revenue $20. C. Debit Cash $100; credit Notes Receivable $100. D. Debit Interest Receivable $100; credit Interest Revenue $100. E. Debit Cash $20; credit Notes Receivable $20.
Seafarer Company established a standard direct materials cost of 1.5 gallons at $2 per gallon for one unit of its product. During the past month, actual production was 6,500 units. The material quantity variance was $700 favorable and the material price variance was $470 unfavorable. The entry to charge Work in Process Inventory for the standard material costs during the month and to record the direct material variances in the accounts would include all of the following except:
A. A debit to Cost of Goods Sold for $230. B. A credit to Raw Materials for $19,270. C. A debit to Work in Process for $19,500. D. A credit to Direct Material Quantity Variance for $700. E. A debit to Direct Material Price Variance for $470.
The interest-adjusted net cost index takes into consideration the time value of money
Indicate whether the statement is true or false.
According to the __________ doctrine, a court may determine that the inclusion of sufficient cautionary statements in a prospectus renders immaterial any misrepresentations and omissions contained therein
a. actual cause b. bespeaks caution c. common sense d. trap door