After a large chemical fire, Eric took responsibility publicly for the failure of his employees to follow workplace safety standards, and indicated that several of them had been placed on leave. Here, Eric was acting in a ______ role.
A. leadership
B. negotiator
C. liaison
D. authority
E. entrepreneur
A. leadership
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A portion of factory overhead related to completed products is transferred
a. from Work in Process to Cost of Goods Sold; b. from Work in Process to Finished Goods; c. from Factory Overhead to Work in Process; d. from Factory Overhead to Finished Goods; e. from Factory Overhead to Cost of Goods Sold
The following data are taken from the cash-basis accounting records of Myerson Company for the year ended December 31, 2021:Selected Data as of December 31, 2021 Customers billed in 2021 for services provided$400,000Cash collections in 2021 for accounts billed in 202020,000Cash collections in 2021 for accounts billed in 2021300,000Cash paid for supplies purchased in 202112,000Supplies remaining at the end of 20212,000Cash paid for salaries in 202110,000Cash paid for annual rent on March 1, 202118,000Calculate the amount of revenues and expenses for 2021 under accrual-basis accounting.
What will be an ideal response?
In a period of rising prices, use of the FIFO rather than LIFO inventory cost flow assumption results in
a. a lower cost of goods sold and a lower ending inventory. b. a lower beginning inventory and a lower ending inventory. c. a higher cost of goods sold. d. a lower cost of goods sold and a higher ending inventory. e. none of the above
If, after making an environmental assessment, a federal agency decides no EIS is required, it must make this decision available to the public
a. True b. False Indicate whether the statement is true or false