What factor conceptually distinguishes external auditing and internal auditing?
a. Tests of controls
b. Substantive tests
c. Education
d. Constituencies
D
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Caudill Sales Company made most of its sales on credit during its first year of operation, 2014. At the end of the year, accounts receivable amounted to $100,000. On December 31, 2014, management reviewed the collectible status of the accounts receivable. Approximately $6,000 of the $100,000 of accounts receivable were estimated to be uncollectible. As per the accounts receivable aging method the
adjusting entry that would be made on December 31 of that year is: A) Uncollectible Accounts Expense 6,000 Accounts Receivable 6,000 B) Allowance for Uncollectible Accounts 10,000 Uncollectible Accounts Expense 10,000 C) Uncollectible Accounts Expense 6,000 Allowance for Uncollectible Accounts 6,000 D) Allowance for Uncollectible Accounts 10,000 Accounts Receivable 10,000
Which of the following statements is true of a company's right over its employees' electronic communication??
A) ?A company cannot intercept its employees' electronic communications. B) ?A company cannot use its employees' electronic communication to determine legitimate business use. C) ?A company can monitor its employees' electronic communications without consent. D) ?A company technically owns its employees' electronic communications.
Kamper Company sells two products Big Z and Little Z. Current direct material and direct labor costs are detailed below. Next year, the company wishes to use a plantwide overhead rate with direct labor hours as its allocation base. Next year's overhead is estimated to be $475,000. The direct labor and direct materials costs are estimated to be consistent with the current year. Direct labor costs $20 per hour and the company expects to manufacture 32,000 units of Big Z and 9,000 units of Little Z next year. DirectMaterialper UnitDirectLabor Dollarsper UnitBig Z$6 $17 Little Z$12 $8 What are total estimated direct labor hours for this next year?
A. 916,000 total DLH. B. 30,800 total DLH. C. 300,000 total DLH. D. 1,025,000 total DLH. E. 616,000 total DLH.
The stage of the new-product development (NPD) process in which a set of product concepts is generated from which to identify potentially viable new products is called idea
A. analysis. B. development. C. screening. D. generation. E. marketing.