An advantage of real-time processing of sales is
a. the cash cycle is lengthened
b. current inventory information is available
c. hard copy documents provide a permanent record of the transaction
d. data entry errors are corrected at the end of each batch
B
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Which of the following statements is true with regard to the capital and revenue expenditure?
a. Revenue expenditures are expensed in the following period in which they are incurred. b. Revenue expenditure maintains the productivity of the asset. c. Capital expenditures are subtracted from the historical cost of the asset. d. Capital expenditure decreases the productivity of the asset.
At the beginning of 2011, Taylor Company's Work in Process Inventory account had a balance of $30,000 . During 2011, $68,000 of direct materials were used in production, and $66,000 of direct labor costs were incurred. Manufacturing overhead in 2011 applied to jobs amounted to $90,000 . The cost of goods manufactured was $220,000 in 2011 . The balance in Work in Process Inventory on December 31,
2011, is $34,000. Indicate whether the statement is true or false
The department chair is out of town at a conference and you, as the assistant department chair, find yourself besieged by dozens of students needing permission to get into a very popular (but closed) class
Student arrivals are governed by the Poisson distribution with a mean of 10 minutes. Telling the students that they can't get into the closed class takes about 5 minutes, and this average is exponentially distributed. About how long do students wait outside your office door? A) 0.083 minutes B) 0.083 hours C) 0.50 minutes D) 0.50 hours
Which of the following factors is most likely to be covered by the social environment of business?
A. Population size B. Bank interest rates C. Virtual traffic D. Federal tax laws