Which of the following are NOT examples of corporate incentive programs?
A. Piecework programs
B. Gain-sharing programs
C. Health insurance programs
D. Collateral programs
E. Merit pay programs
Answer: C
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Blake Company established a petty cash fund in the amount of $400. At the end of the accounting period, the petty cash box contained receipts for expenditures amounting to $180 and $215 in cash. If the company records both the disbursements and replenishments to the fund, what effect will replenishing the fund have on total assets and expenses? Total Assets ExpensesA. -$180 +$185 B. -$185 +$185 C. -$185 +$180 D. -$180 +$180
A. Option A B. Option B C. Option C D. Option D
There are no beginning inventories. Prepare an income statement for the year using the traditional format.
Ceriweden, Inc. has provided the following financial data for the year:
After concept testing, a firm would engage in which stage in developing and marketing a new product?
A) idea screening B) marketing strategy development C) business analysis D) product development E) test marketing
In three years you will begin receiving an annual payment of $600 that will be made for two years. If the annual interest rate is 12%, what will be the balance in your account at the end of the fourth year?
A) $2,025 B) $1,344 C) $1,272 D) $1,200 E) $1,260