What is an adjustment to a pay rate to reflect differences in working conditions or labor markets?
A. bonus
B. red-circle rate
C. rank-and-file adjustment
D. green-circle rate
E. pay differential
Answer: E
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The internal document prepared to notify the appropriate persons that goods ordered have been received, describing the quantities and condition of the goods is the:
A. Purchase order. B. Purchase requisition. C. Invoice. D. Invoice approval. E. Receiving report.
McClintock Co. had the following transactions involving plant assets during Year 1. Unless otherwise indicated, all transactions were for cash. Jan. 2Purchased a truck for $70,000 plus sales taxes of $3,000. The truck is expected to have a $14,000 salvage value and a 4 year life.Jan. 3Paid $2,500 to have the company's logo painted on the truck. This did not change the truck's salvage value.Dec. 31Recorded straight-line depreciation on the truck.Prepare the general journal entries to record these transactions.
What will be an ideal response?
According to the Big Mac Index, the implied PPP exchange rate is Mexican peso 8.50/$1 but the actual exchange rate is peso 10.80/$1. Thus, at current exchange rates the peso appears to be ________ by ________
A) overvalued; approximately 21% B) overvalued; approximately 27% C) undervalued; approximately 21% D) undervalued; approximately 27%
If the total rate of return is multiplied by 1/N, where N is the number of years for which the investment was held, the result is the
A) serialized rate of return. B) annualized rate of return. C) tax-free rate of return. D) capitalized rate of return.