________ skills influence a manager's ability to work well with people.
A. Conceptual
B. Professional
C. Interpersonal
D. Decision making
E. Technical
Answer: C
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All of the following describe a revenue except:
a. A revenue can result in the inflow of assets. b. A revenue can result in the settlement of liabilities from the delivery or distribution of goods. c. A revenue can result in the settlement of liabilities from rendering services. d. A revenue must involve an inflow of assets.
A pie chart is a chart that displays data in bars positioned horizontally or vertically
Indicate whether the statement is true or false
Whidbey Co. fixed budget for the year is shown below:Sales (50,000 units) …………………………?$1,300,000Cost of goods sold:?? Direct materials …………………………$150,000? Direct labor ………………………………450,000? Overhead (includes $2 per unit variableoverhead) …………………………………… 240,000 840,000 Gross profit ………………………………?$ 460,000Selling expenses:?? Sales commissions (all variable) …………60,000? Rent (all fixed) ……………………………40,000? Insurance (all fixed) ………………………35,000?General and administrative expenses:?? Salaries (all fixed) ………………………72,000? Rent (all fixed)
……………………………54,000? Depreciation (all fixed) ………………… 31,000 292,000Net income from operations …………………?$ 168,000Prepare a flexible budget for Whidbey Co. that shows a detailed budget for its actual sales volume of 42,000 units. Use the contribution margin format. What will be an ideal response?
In formatting a report, you discover than an entire table will not fit on the bottom of a page; you should
a. introduce the table, continue the graphic interpretation to the bottom of the page, and begin the next page with the table. b. begin the table, allow an adequate margin at the bottom of the page, and begin the next page with the continuation of the table. c. place the table prior to the text reference to it if that placement will allow the entire table to appear on that page. d. end the page with the introduction to the table, regardless of the space on the page.