What is a potential problem, if any, if you design a database in which the last name of a consultant functionally determines the consultant's address?
A. There is no problem with this design.
B. There could be two consultants living at the same address.
C. There could be more than one consultant with the same last name.
D. The address will automatically functionally determine the consultant's last name.
Answer: C
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Which of the following should be classified as an extraordinary item on the income statement?
a. gain on a sale of a long-term investment b. loss due to discontinued operations c. restructuring charges d. loss resulting from an infrequent natural disaster
Most firms prefer to prepare the statement of cash flows after they have prepared the income statement and the balance sheet. The amounts debited to various accounts on the T-account work sheet
a. do not equal amounts credited to various accounts. b. must equal amounts credited to the liability accounts, only. c. may or may not equal amounts credited to various accounts. d. must equal amounts credited to various accounts. e. must equal amounts credited to the shareholders' equity accounts, only.
Why does a special order decision frequently ignore fixed factory overhead?
Rough-cut capacity planning (RCCP) is the ______.
a. process of doing a detailed comparison of the available capacity and required capacity b. rough check of production plans and schedules to determine whether the required capacity and available capacity are in balance c. process of analyzing a facility’s existing capacity relative to its weekly production schedules d. analysis of projected capacity requirements to meet demand in a new market