Forensic Specialists compiled the following information for its first quarter cost of quality report: Sales$5,600,000 Cost of goods sold$3,360,000 Disposing of scrap$235,200 Quality training$84,000 Inspecting materials on delivery$280,000 Performance reviews$70,000 Resolving customer complaints$31,920 Certifying suppliers$140,000 The relevant percentage to be used to express appraisal activities at Forensic Specialists is:
A. 1.25%.
B. 33.2%.
C. 2.75%.
D. 5.7%.
Answer: A
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When a company is using the direct write-off method, and an account is written off, the journal entry consists of a ________.
A) debit to Accounts Receivable and a credit to Cash B) credit to Accounts Receivable and a debit to Bad Debts Expense C) debit to the Allowance for Bad Debts and a credit to Accounts Receivable D) credit to Accounts Receivable and a debit to Interest Expense
For the current year, Eastern Atlantic Company reported income tax expense of $21,000 . Income taxes payable at the end of the prior year were $19,000 and at the end of the current year were $20,000 . The deferred tax liability classified as noncurrent that resulted from the use of MACRS for tax purposes and straight-line depreciation for financial reporting purposes increased from $21,000 at the
beginning of the current year to $23,000 at the end of the current year. How much cash was paid for income taxes during the year? a. $18,000 b. $20,000 c. $21,000 d. $19,000
What are some of the negative consequences of having an unethical leader?
What will be an ideal response?
The starting salaries of individuals with an MBA degree are normally distributed with a mean of $40,000 and a standard deviation of $5,000. What is the probability that a randomly selected individual with an MBA degree will get a starting salary of at least $30,000?
A. 0.4772 B. 0.9772 C. 0.0228 D. 0.5000