What are the five steps in implementing a system of cost control?
1 . Investigate and understand the types of costs incurred by the organization.
2 . Communicate the need for cost consciousness to all employees.
3 . Motivate employees through education and incentives.
4 . Compare actual results to budgets and analyze for future methods of improvement.
5 . View cost control as a long-run process not a short-term solution.
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Calhoun, Inc purchased equipment at the beginning of 2016 for $180,000 . Calhoun decided to depreciate the equipment over a 5-year period using the double-declining-balance method. Calhoun estimated the equipment's residual value at $30,000 . Which of the following statements is correct concerning Rose's financial statements at December 31, 2016?
a. The book value of the equipment is $108,000. b. The book value of the equipment is $72,000. c. The total accumulated depreciation is $90,000. d. Depreciation expense for 2016 is $60,000.
Which of the following statements is true about where some countries are with regard to sustainable supply chains?
a. U.S. companies are ahead of companies in Europe. b. Firms in India and China have caught up with European countries. c. both A and B d. neither A nor B
An agency may not maintain a record of how a person exercises his or her rights
under the First Amendment of the Constitution unless authorized to do so by statute or such information is within the scope of a law enforcement activity. a. True b. False
The main reason that someone would use a cashier's check to make a payment rather than a
check drawn on that person's own account is that: A) The person will obtain a longer float time with the cashier's check. B) Payees are often more willing to accept a cashier's check. C) Using a cashier's check will cost less. D) Cashier's checks can be indorsed to third parties.