In absorption costing, fixed manufacturing overhead is expensed ________.
A) when all the other non-manufacturing fixed costs are expensed
B) when the product is sold
C) at the end of the period in which it is paid
D) when the units are produced
B) when the product is sold
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Pona, Inc. has a defined benefit pension plan for its employees. The plan assets and projected benefit obligation at the beginning of the year were $608,000. The accumulated benefit obligation at the beginning of the year was $456,000. The expected return on plan assets was 8% while the actual return was 9%. The service cost for the year was $130,841. The actuarially assumed discount rate was 7% and amortization of prior service costs was $17,750.The interest cost for the year is:
A. $41,040. B. $42,560. C. $31,920. D. $36,480.
The skills and capabilities that give the organization advantages in executing strategies in pursuit of its mission are known as
A. organizational strengths. B. organizational opportunities. C. organizational threats. D. organizational weaknesses. E. competitive strategies.
Answer the following statements true (T) or false (F)
1. The stronger the culture, the less reliant the organization needs to be on bureaucratic management controls found in traditional industrial organizations. 2. If an organization’s culture is strong, it becomes another core competency. 3. When any manager ignores an employee action that impacts the “show” or guest experience, this does not affect other employees. 4. Once employees have been trained, hospitality managers need not spend time and energy on reminding their existing employees of the cultural values. 5. People in open-culture organizations need more time to adapt to changes in customer expectations.
The entry that includes a debit to Payroll Taxes and Benefits Expense also includes credits to Federal Unemployment Tax Payable and State Unemployment Tax Payable
Indicate whether the statement is true or false