Two of the key inputs to developing forecasts discussed in the text are
A. environmental scanning and a SWOT analysis.
B. environmental scanning and competitive intelligence.
C. assessing internal strengths and environmental scanning.
D. environmental scanning and stakeholder identification.
Answer: B
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In the space below, state whether each situation is a deferral or an accrual. ______
a. Depreciation on machinery is $7,200 for the accounting period. ______ b. Interest that has been incurred on a loan but that has not yet been paid or recorded is $675. ______ c. Office supplies of $965 were on hand at the beginning of the period. Purchases of office supplies during the period totaled $640 . At the end of the period, $120 in office supplies remained. ______ d. Commissions amounting to $975 were earned but not yet collected by year end. ______ e. Prepaid Rent had a $2,500 balance prior to adjustment. By year end, 50 percent had expired. ______ f. Federal income taxes for the year were estimated to be $4,680.
On January 1, Year 1, Jing Company purchased office equipment that cost $18,300 cash. The equipment was delivered under terms FOB shipping point, and transportation cost was $2800. The equipment had a five-year useful life and a $7140 expected salvage value.Assuming the company uses the double-declining-balance depreciation method, what are the amounts of depreciation expense and accumulated depreciation, respectively, that would be reported in the financial statements prepared as of December 31, Year 3?
A. $0 and $18,800 B. $4147 and $22,947 C. $456 and $7140 D. $6912 and $18,432
Under the current law, lenders must meet quotas in extending credit to women and minorities
Indicate whether the statement is true or false
Kwame, Rosalinda, and Sven work at Security First Trust and National Reserve, a medium-sized bank with 240 branches in eight states. Kwame works as a teller. Rosalinda works as one of five regional supervisors, each of whom is expected to supervise a team of tellers. Kwame recently received instructions from his supervisor that all tellers will be evaluated on the number of people they assist at their window per day. Serving more customers means higher performance effectiveness. However, Kwame is also expected to follow the bank's number-one goal of customer satisfaction. Rosalinda is facing her own challenges. Two of the regional supervisors suddenly left the bank for other opportunities, resulting in a significant increase in work responsibility and time pressure for Rosalinda and the
remaining two supervisors. Just two days before the two regional supervisors quit, the bank hired Sven as a supervisor trainee. With the bank suddenly short-handed, Sven was asked to take up all the responsibilities of a regional supervisor. He has been given very few instructions or guidelines about how things are supposed to be done. Instead, the bank expects him to learn on the job. Rosalinda's stress is related to a A. challenge stressor. B. self-serving bias. C. nonwork hindrance. D. cognitive distortion. E. performance hindrance.