Deeply discounted bond that pays no coupon interest is a ________
A) junk bond
B) floating rate bond
C) zero coupon bond
D) subordinated debenture
C
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Aptitude tests assess a person's existing knowledge and skills.
Answer the following statement true (T) or false (F)
An auditor vouched data for a sample of employees in a payroll register to approved clock card/time sheet data to provide assurance that:
A. segregation of duties exists between the preparation and distribution of the payroll. B. internal controls relating to unclaimed payroll checks are operating effectively. C. employees worked the number of hours for which they are paid. D. payments to employees are computed at authorized rates.
Comparing the goals of activity-based management (ABM) and lean operations we can say that __________ aim(s) to simplify activities
A) JIT B) ABM C) both ABM and JIT D) neither ABM nor JIT
The following data is given for the Zoyza Company: Budgeted production 26,000 units Actual production 27,500 units Materials: Standard price per ounce $6.50 Standard ounces per completed unit 8 Actual ounces purchased and used in production 228,000 Actual price paid for materials $1,504,800 Labor: Standard hourly labor rate $22 per hour Standard hours allowed per completed unit 6.6 Actual labor
hours worked 183,000 Actual total labor costs $4,020,000 Overhead: Actual and budgeted fixed overhead $1,029,600 Standard variable overhead rate $24.50 per standard labor hour Actual variable overhead costs $4,520,000 Overhead is applied on standard labor hours. The factory overhead controllable variance is: A) 73,250F B) 73,250U C) 59,400F D) 59,400U