The foundations of modern manufacturing and technological breakthroughs were inspired by the creation of the mechanical computer by:
A) Charles Babbage.
B) James Watt.
C) Eli Whitney.
D) Frederick Taylor.
A
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Which of the following is an example of a proactive change?
A. Ciara's staff is unhappy about the long hours they have been working and several of them quit before she knows there is a problem. B. Ciara's group sends a product that is nearing its launch date back to the drawing board based on a competitor's superior new offering. C. Ciara cannot get permission to hire another person until her group misses several deadlines. D. Ciara is constantly "putting out fires," responding to daily crises in her group. E. Ciara explores improvements in bonus structures with her staff and begins to implement them despite the fact that her employees are generally content.
Which of the following is the most useful aid to the accountant in preparing closing entries?
A) Journal B) Financial statements C) Ledger D) Work sheet
Which of the following accounts is credited when abnormal spoilage is written off in an actual cost system?
a. Miscellaneous Revenue b. Loss from Spoilage c. Finished Goods d. Work in Process
A company depreciates its equipment $500 a year. The adjusting entry for December 31 is debit Depreciation Expense, $500 and credit Equipment, $500
Indicate whether the statement is true or false