Bartlett Industries began operations on January 2, 2015, with an investment of $50,000 by each of its two stockholders. Net income for its first year of business was $240,000 . Bartlett Industries paid a total of $100,000 in dividends to its stockholders during the year. Read the information about Bartlett Industries. If the company's revenues were $500,000 for the year ended December 31, 2015,
how much were total expenses?
a. $160,000
b. $260,000
c. $640,000
d. $740,000
b
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Data warehouses that focus on facilitating managerial accounting needs and/or management by exception, can be called:
A. Customer Relationship Management Systems. B. Financial Reporting Systems. C. Data Mining. D. Decision Support Systems.
Which of the following principles best describes the current method of accounting for research and development costs?
a. Immediate recognition as an expense b. Systematic and rational allocation c. Income tax minimization d. Associating cause and effect
If the liabilities of a business increased $75,000 during a period of time and the stockholders' equity in the business decreased $30,000 during the same period, the assets of the business must have:
A. Decreased $45,000. B. Decreased $105,000. C. Increased $30,000. D. Increased $45,000. E. Increased $105,000.
______ is the rate of repetition of measures taken to control performance.
a. Operations performance rate b. Inquiry measurement period c. Rework analysis cycle d. Control frequency