Which type and form of communication networks is a useful method of communicating messages quickly and efficiently in person, over e-mails, blogs, or through other technological tools and can bring about a sense of unity among the employees who meet and share information?
a. Rumor string of an informal network
b. Cluster chain of a formal network
c. Grapevine of an informal network
d. Gossip chain of an informal network
c. Grapevine of an informal network
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Howell Company uses the average cost method of process costing. Howell had 1,00 . units in beginning work-in-process which were 75% complete. Costs associated with this inventory were $3,200 . When calculating the cost per equivalent unit for the month of June, Howell's controller should:
a. Not consider the $3,200 as those costs were incurred in a prior period. b. Calculate the cost to complete the 1,00 . items in beginning work-in-process separately. c. Include the $3,200 with the current month's cost to arrive at total cost for production to date. d. Include the equivalent units to complete the beginning work-in-process inventory to arrive at the equivalent units for the period.
Jervis accepts all major bank credit cards, including those issued by Northern Bank (NB), which assesses a 4.0% charge on sales for using its card. On June 28, Jervis had $3700 in NB Card credit sales. What entry should Jervis make on June 28 to record the deposit?
A. Debit Cash $3552.00; debit Credit Card Expense $148.00; credit Sales $3700 B. Debit Cash $3700; credit Sales $3700 C. Debit Accounts Receivable $3552.00; debit Credit Card Expense $148.00; credit Sales $3700 D. Debit Accounts Receivable $3700; credit Sales $3700 E. Debit Cash $3848.00; credit Credit Card Expense $148.00; credit Sales $3700
The European Union's Directive on Personal Data Protection does not in any way prohibit EU firms from transferring personal information to a non-EU country.
Answer the following statement true (T) or false (F)
GAAP requires companies to use the ________ method to record bad debts expense
A) direct write-off B) allowance C) amortization D) 360-day