If the trial balance does not balance, the preparer should check to see if the difference is evenly divisible by 9. If so there may be a transposition
Indicate whether the statement is true or false
True
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Which of the following is not a risk exposure in a PC accounting system?
a. reliance on paper documentation is increased b. functions that are segregated in a manual environment may be combined in a microcomputer accounting system c. backup procedures require human intervention d. data are easily accessible
Most audiences will comply with a routine message if they feel the writer is not being unreasonable
Indicate whether the statement is true or false.
Marathon Sports Equipment Company projected sales of 81,000 units at a unit sales price of $14 for the year. Actual sales for the year were 75,000 units at $13.00 per unit. Variable costs were budgeted at $2 per unit, and the actual amount was $4 per unit. Budgeted fixed costs totaled $375,000, while actual fixed costs amounted to $425,000. What is the sales volume variance for total revenue?
A) $159,000 favorable B) $159,000 unfavorable C) $84,000 unfavorable D) $84,000 favorable
Which of the information provided in the table is irrelevant to the replacement decision?
Bradley Industries is considering replacing a machine that is presently used in its production process.
Which of the following is irrelevant to the replacement decision?
A) the sales price of the new machine
B) the original cost of the old machine
C) the current disposal value of the old machine
D) the annual cash operating costs for both machines