Is the level of a person's job depth simply the result of the authority delegated to that person's position?
What will be an ideal response?
In many instances, job depth relates to personal influence as well as delegated authority. Thus, an employee with the same job title who's at the same organizational level as another employee may possess more, less, or the same amount of job depth because of personal influence.
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Which of the following is not a requirement of Sarbanes-Oxley?
a. Annual report must include an internal control report b. External auditors can no longer provide human resource services c. External auditors can no longer provide brokerage services d. Must establish an internal control system that guarantees financial accuracy
Use the selected data from Pinecrest Company's financial statements to answer the following question. 2017 2016 Cash $ 22,000 $ 14,000 Accounts receivable 42,000 16,000 Merchandise inventory 22,000 83,000 Prepaid expenses 23,000 18,000 Total current assets $109,000 $131,000 Total current liabilities $ 65,000 $ 72,000 Net credit sales 221,000 326,000 Cost of goods sold 168,000 299,000 Net cash
flow from operating activities 16,000 29,000 Refer to the data for Pinecrest Company. Competitors in Pinecrest Company's industry have an average inventory turnover of 20.8 times. Its inventory turnover for 2017 a. indicates that the company has too little inventory on hand at the end of 2017. b. indicates that the company is pricing its products too low. c. is equal to the number of days' sales in the company's inventory. d. indicates that the market may be reacting to problems in the sales department by reducing demand for the company's products.
The depletion calculation is similar to which of the following depreciation methods?
a. Double-declining-balance b. Straight-line c. Group d. Production
A $10,000, 12%, 90-day note payable is issued today to a lender and the cash proceeds are deposited into the Cash account. When this note is paid in full in 90 days, the amount of the payment will total $10,200
Indicate whether the statement is true or false