Derrick believes that he has worked hard over the previous quarter and generated considerable revenue for his company. He expects to receive a promotion in the next appraisal cycle. Which of the following determinants of job satisfaction does this scenario reflect?
A. Attitude toward work
B. The work itself
C. Growth and upward mobility
D. Supervision
Answer: C
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The debit balance in Cash Short and Over at the end of an accounting period is reported as
a. an expense on the income statement b. income on the income statement c. an asset on the balance sheet d. a liability on the balance sheet
Which of the following controls is not a typical internal control over intangible assets?
a. Procedures to provide reasonable assurance that decisions are appropriately made as to when to capitalize or expense research and development expenditures. b. Development of amortization schedules that reflect the remaining useful life of patents or copyrights associated with the assets. c. Procedures to identify and account for intangible asset impairment. d. All of the above are typical controls for intangible assets.
When using the periodic inventory method, which of the following generally would NOT be separately accounted for in the computation of cost of goods sold?
a. Trade discounts applicable to purchases during the period b. Cash (purchase) discounts taken during the period c. Purchase returns and allowances of merchandise during the period d. Cost of transportation-in for merchandise purchases during the period
Which of the following is typically true during the introduction stage of the product life cycle?
A) Personal selling is the primary promotional tool in the consumer market. B) The pull strategy is implemented more frequently than the push strategy. C) Publicity is not effective. D) Sales promotion may be used to encourage trial. E) Sales promotion is more successful than advertising.