Budgets need to be fair and attainable for employees to consider the budget important in their normal daily activities. Which of the following is not considered a human behavior problem?
A) Setting goals among managers that conflict with one another.
B) Setting goals too tightly making it difficult to meet performance expectation.
C) Allowing employees the opportunity to be a part of the budget process.
D) Allowing goals to be so low that employees develop a "spend it or lose it" attitude.
C
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All of the following are common measures of the overall health of a company, except:
A) market share B) level of innovation C) brand awareness D) productivity
What information is contained in the bill of materials (BOM)?
A retailer accepted Visa charge sales totaling $1,000 and deposited the charge slips in the bank. Assuming a credit card discount expense of 4 percent, what would be the increase to Cash and the increase to Sales, respectively?
A) $1,000 and $960 B) $960 and $1,000 C) $960 and $960 D) $1,000 and $1,000
Riley Company borrowed $50,000 on April 1, Year 1 from Titan Bank. The note issued by Riley carried a one-year term and a 7% annual interest rate. Riley earned cash revenues of $1160 during Year 1 and $1800 during Year 2. Assume no other transactions.Based on this information alone, what is the amount of net income (loss) that will be reported on the Year 2 income statement?
A. $925 B. $(50) C. $2675 D. $875