Which one of the following statements best describes an ordinary annuity?
A. Series of cash inflows of varying amounts collected at the end of each period
B. Series of cash flows of equal amounts collected at the end of each period
C. Series of cash flows of equal amounts collected at the beginning of each period
D. Series of cash flows of varying amounts collected at the beginning of each period
Answer: B
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Accounting for product costs in a JIT environment
a. uses a job order costing system. b. classifies processing costs as raw (or direct) material, direct labor, and overhead. c. is more complex than in other types of manufacturing environments. d. follows process costing procedures whereby costs are accumulated by the process (cell) and attached to units processed for the period.
______ is a term used to describe people who take extreme measures and sacrifices to practice altruism.
Fill in the blank(s) with the appropriate word(s).
A store that operates on a one-price policy _____
a. rarely changes its prices b. does not have special discounts for its most loyal customers c. uses the same pricing schedule for all customers d. does not have quantity discounts
An employer's remedies for a claim of harassment may include all of these EXCEPT:
a. immediate temporary action on receipt of a complaint of harassment b. long-term remedial measures depending on the outcome of the investigation c. a fair investigation, not one with a pre-determined outcome d. a transfer of the harassed employee