Which of the following formulas represents working capital?
A) ?Current assets - current liabilities
B) ?Quick assets - current liabilities
C) ?Current assets ¸ current liabilities
D) ?Quick assets ¸ current liabilities
A
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According to GAAP, which is not a specific objective?
A) to provide information about an enterprise's cash flows B) to provide information that is useful to present to potential investors, creditors, and other users in making rational investment, credit, and similar decisions C) to provide information about an enterprise's comprehensive income and its components D) to provide information about an enterprise's economic resources, obligations, and owners' equity
Research suggests that employees underestimate how powerful a motivator pay is to them.
Answer the following statement true (T) or false (F)
A supervisor notices than an employee has been late to work for three days this week. What is the BEST way for the supervisor do to foster open communication?
a. Call the employee to ask him or her about the lateness. b. Write the employee a disciplinary memorandum about the lateness. c. Meet with the employee face-to-face to discuss the lateness. d. Send the employee an email message about his or her lateness.
Sparky Corporation uses the weighted-average method of process costing. The following information is available for February in its Molding Department: Units:Beginning Inventory: 25,000 units, 100% complete as to materials and 55% complete as to conversion.Units started and completed: 110,000.Units completed and transferred out: 135,000.Ending Inventory: 30,000 units, 100% complete as to materials and 30% complete as to conversion. Costs:Costs in beginning Work in Process - Direct Materials: $43,000.Costs in beginning Work in Process - Conversion: $48,850.Costs incurred in February - Direct Materials: $287,000.Costs incurred in February - Conversion: $599,150. Calculate the cost per equivalent unit of materials.
A. $2.61 B. $2.05 C. $1.74 D. $2.00 E. $2.36