________ is a publication that provides unbiased ratings and recommendations for a host of products and services
A) USA Consumer
B) Consumer Reports
C) People Magazine
D) Bloomberg Weekly
Answer: B
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How will the declaration and distribution of a 10 percent stock dividend affect the issuing corporation's balance of retained earnings and total stockholders' equity, respectively?
A) Decrease and no effect B) No effect and no effect C) Decrease and decrease D) No effect and decrease
Lakatos Corporation manufactures one product. It does not maintain any beginning or ending Work in Process inventories. The company uses a standard cost system in which inventories are recorded at their standard costs. There is no variable manufacturing overhead. The standard cost card for the company's only product contains the following information concerning direct materials:InputsStandard Quantityor HoursStandard Price or RateStandard CostDirect materials3.7kilos$9.00per kilo$33.30During the year, the company completed the following transactions concerning direct materials:a.Purchased 151,800 kilos of raw material at a price of $9.70 per kilo.b.Used 140,870 kilos of the raw material to produce 38,100 units of work in process.The company calculated the following direct materials
variances for the year:Materials price variance$106,260UMaterials quantity variance$900FAssume that all transactions are recorded on the below worksheet, which is similar to the worksheet shown in your text except that it has been divided into two parts so that it fits on one page. The beginning balances in each of the accounts have been given. PP&E (net) stands for Property, Plant, and Equipment net of depreciation.?CashRaw MaterialsWork in ProcessFinished GoodsPP&E (net)=Materials Price VarianceMaterials Quantity Variance1/1$1,130,000$59,940$0$81,510$432,900=$0$0a.?????=??b.?????=???Labor Rate VarianceLabor Efficiency VarianceFOH Budget VarianceFOH Volume VarianceRetained Earnings1/1$0$0$0$0$1,704,350a.?????b.?????When recording the raw materials used in production in transaction (b) above, the Raw Materials inventory account will increase (decrease) by: A. ($1,267,830) B. $1,366,439 C. ($1,366,439) D. $1,267,830
Overcoming resistance to change can be helped by ______.
A. transferring employees to new jobs B. increasing employee pay C. increasing education and communication about the change D. implementing changes fairly
If an investor can use accounting information for two different companies to evaluate the types and amounts of expenses, the information is said to have the quality of:
A) comparability. B) consistency. C) neutrality. D) materiality.