________ have specific assignments, such as research, and members usually must contribute expert knowledge and judgment.
A. Parallel teams
B. Staff departments
C. Quality circles
D. Project and development teams
E. Work teams
Answer: D
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Forman, Inc earned $600,000 profit during 2015 . On which financial statement(s) will you find the dollar amount of the profit earned by the company?
a. Balance sheet and income statement b. Income statement only c. Statement of retained earnings only d. Income statement and statement of retained earnings
Zeus, Inc. produces a product that has a variable cost of $9.50 per unit. The company's fixed costs are $40,000. The product sells for $12.00 a unit and the company desires to earn a $20,000 profit. What is the volume of sales in units required to achieve the target profit? (Do not round intermediate calculations.)
A. 17,000 units B. 24,000 units C. 4,000 units D. 16,000 units
A reversing entry is ________
A) a journal entry used to close the temporary accounts after preparation of financial statements B) a special journal entry used to make the adjustments that took place after preparing the trial balance C) a special journal entry that eases the burden of accounting for transactions in the next period D) a journal entry prepared at the end of an accounting period to match assets with liabilities
Brokerage fees paid when stock is purchased are added to the basis of the stock.
Answer the following statement true (T) or false (F)