A recent poll showed that a politician's popularity rate dropped from 32% to 29%. What percent decrease does this represent? (Round to the nearest tenth of a percent)
9.4%
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Use the following data to find the direct labor rate variance if the company produced 7,000 units of product during the period. Standard: Direct labor (3.2 hrs. per unit @ $12/hr.)$38.40per unitActual cost incurred: Direct labor (24,500 hrs. @ $12.50/hr.)$306,250
A. $12,250 favorable. B. $26,950 favorable. C. $14,700 unfavorable. D. $12,250 unfavorable. E. $14,700 favorable.
Which of the following is the usual final step in the accounting cycle?
A) Journalizing transactions. B) Preparing an adjusted trial balance. C) Preparing a post-closing trial balance. D) Preparing the financial statements. E) Preparing a work sheet.
A company's history indicates that 20% of its sales are for cash and the rest are on credit. Collections on credit sales are 20% in the month of the sale, 50% in the next month, 25% the following month, and 5% is uncollectible. Projected sales for December, January, and February are $60,000, $85,000 and $95,000, respectively. The February expected cash receipts from all current and prior credit sales is:
A) $57,000 B) $61,200 C) $66,400 D) $80,750 E) $90,250
Discuss the roles that uncertainty and risk play in managerial decision making.
What will be an ideal response?