Most state constitutions are modeled after the ____________________
Fill in the blank(s) with correct word
U.S. Constitution
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________ is especially important when a language barrier or speech disability is part of a customer's situation.
A. Emotional involvement B. Subjectivity C. Defensiveness D. Patience
In determining the effectiveness of an entity's policies and procedures relating to the existence or occurrence assertion for payroll transactions, an auditor most likely would inquire about and:
A. observe the segregation of duties concerning human resource responsibilities and payroll disbursement. B. verify the preparation of the monthly payroll account bank reconciliation. C. recompute the payroll deductions for employee fringe benefits. D. inspect evidence that all prenumbered payroll checks are accounted for.
In a production cost report prepared under the FIFO method, equivalent units of production are NOT computed for ________.
A) units completed in beginning work-in-process inventory B) units started and completed in the current period C) units in ending work-in-process inventory D) units started in the current period
A company's manager estimates that in the upcoming year, decreasing advertising costs by $50,000 will cause sales revenue to decrease by $120,000. If the company's contribution margin ratio is 35%, what will be overall effect on net operating income?
A) Net operating income will increase by $8,000. B) Net operating income will decrease by $8,000. C) Net operating income will increase by $24,500. D) Net operating income will decrease by $24,500.