What is the time to hire if the job opening was posted on October 1, the interview took place on October 10, the position was filled on October 15, and the new hire started work on October 20?
A. 15
B. 10
C. 5
D. 20
E. 25
A. 15
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A company purchased new furniture at a cost of $14,000 on September 30. The furniture is estimated to have a useful life of 8 years and a salvage value of $2,000. The company uses the straight-line method of depreciation. How much depreciation expense will be recorded for the furniture for the first year ended December 31?
A. $1,500.00 B. $500 C. $1,750 D. $437.50 E. $375.00
Having one employee prepare company checks and sign those checks is:
A) a violation of proper segregation of duties B) a violation of adequate documentation C) a good example of independent verification D) a good example of establishing responsibility
A cost that cannot be avoided or changed because it arises from a past decision, and is irrelevant to future decisions, is called a(n):
A. Uncontrollable cost. B. Out-of-pocket cost. C. Incremental cost. D. Opportunity cost. E. Sunk cost.
A direct-material quantity variance can be caused by all of the following except:
A. disgruntled workers. B. acquisition of materials that are below standard quality. C. changes in sales volume. D. adjustment problems with machines. E. improper employee training.