In a just-in-time operating environment, the key measure of cost incurred is
a. direct labor hours.
b. push-through time.
c. throughput time.
d. indirect costs.
C
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Where is access control exercised in the purchasing/cash disbursement functions?
The accounting for employee stock options involves amortizing the fair value of the stock options on the date of the grant over the requisite service period, which is
a. expected period of benefit. b. one year. c. two years. d. three years. e. five years.
Communication is vital to any effective customer-service program
Indicate whether the statement is true or false
Fred and Barney started a partnership. During Year 1, Fred invested $20,000 in the business and Barney invested $32,000. The partnership agreement called for each partner to receive an annual distribution equal to 15% of his capital contribution. Any further earnings were to be retained in the business and divided equally between the partners. The partnership reported net income of $38,000 during Year 1. How will the $38,000 of net income be split between Fred and Barney respectively? (Hint: Consider both the cash withdrawals and allocation of remaining income.)FredBarney
A.
| $ | 18,100 | $ | 19,900 |
B.
| $ | 20,500 | $ | 17,500 |
C.
| $ | 19,000 | $ | 19,000 |
D.
| $ | 20,000 | $ | 18,000 |