When accounting for the General Fund, the Encumbrances Control account is credited when:
A. A purchase order is filled or canceled.
B. An invoice is paid.
C. A purchase order is approved.
D. The budget is approved.
Answer: A
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Lasting Skin Care Inc. is growing very fast in both sales and number of employees. It manufactures and sells skin products for youth, male, female, elderly, and ethnic populations all over the United States and several other countries. So far, the company has followed a simple structure. However, with fast-paced growth, it has become a necessity that the company explore other organizational structures. Larry, a long-time employee at Lasting Skin Care, has collected information on how some of its competitors have organized their companies. Tracks Inc. groups its employees by their different areas of expertise such as Marketing, Finance, Human Resources, and Operations. Fine Base, which is primarily in the United States, groups its activities as Northeast Division, Southeast Division,
Northwest Division, Southwest Division, and Central Division. Prints Inc. has organized its employees according to the accounts they serve, such as Large Company Contracts, Internet Sales, Individual Sales, and Small Salon Direct Sales. Finally, Make safe International has grouped its business units around different types of makeup, including the Lipstick and Lip Gloss Division, the Eye shadow Division, the Foundation Division, the Mascara Division, and the Bronzer and Blush Division.Which of the following describes Fine Base's organizational structure? A. product B. functional C. client-based D. matrix E. geographic
A stock is valued at $28.00. The annual expected return is 9.0% and the standard deviation of annualized returns is 19.0%. If the stock is lognormally distributed, what is the price of the stock given a one standard deviation move up after 4 years?
A) $28.00 B) $32.33 C) $40.13 D) $54.60
In a contribution format income statement for a merchandising company, the cost of goods sold reports the product costs attached to the merchandise sold during the period.
Answer the following statement true (T) or false (F)
Intangible returns include benefits and work/life programs
Indicate whether the statement is true or false