The major reasons why the selection process is so important to companies include:
A. Productivity
B. Potential for negligent hires
C. Time and money
D. A thru C above
E. B and C only
D. A thru C above
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The entry to close Income Summary for a loss would include a
a. credit to Capital Stock; b. credit to Retained Earnings; c. debit to Capital Stock; d. debit to Retained Earnings; e. debit to Cost of Goods Sold
When compared to other types of sales presentations, memorized selling is the:
A. most interactive. B. least used in telemarketing. C. least communicated. D. most structured. E. most used in technical sales.
Internal control systems provide assurance in each of the following areas except:
A) effectiveness and efficiency of the company's operations. B) compliance with applicable laws and regulations. C) consolidation of departments within the accounting function. D) reliability of financial reporting.
ABC Manufacturing has a project that requires an initial investment of $100,000 and has the following expected stream of cash flows: Year Annual cash flow 1 $80,000 2 60,000 3 20,000 Assuming the company's cost of capital is 12 percent, what is the profitability index for the project?
A) 0.749 B) 1.335 C) 1.600 D) 2.985