An operational asset used for a long period of time is known as a capital asset
Indicate whether the statement is true or false
TRUE
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Averette & Averette Averette & Averette, a local dental practice, currently makes its own dentures for customers. The dental practice has one part-time employee who comes in weekly to make dentures. The employee is paid $150 per denture set. The direct materials and variable overhead cost per set of dentures is $75 and $25, respectively. In addition, the practice allocates $10,000 of fixed
overhead to the denture-making department. The practice makes 1,000 sets of dentures per year. An outside company who specializes in the making of dentures has offered to make each set of dentures for Averette & Averette for $255 per set. Refer to the Averette & Averette information above. If Averette & Averette outsources the making of dentures, the net income will: A) decrease by $15,000. B) increase by $5,000. C) increase by $15,000. D) decrease by $5,000.
Researchers surveyed CEOs from 94 credit unions, along with 517 members of their top management teams. They found that CEOs who had a transformational leadership style were more likely to have
a. honest tellers who were less likely to steal b. top management teams with high goal importance congruence c. management team members who were “under the spell” of their CEOs and regarded their CEOs with awe and “rock star” status d. management team members who regarded the CEO as “one of us” and as “a regular guy (or gal).”
During a recent officer's meeting of Medium Corporation, Inc., a company that has been in operation for three years, the officers determined that they needed to develop a multi-year plan for financial needs. The officers discussed the new machinery and equipment they would need to handle the growth in operations and replace obsolete equipment, whether they should move the company to a bigger facility or expand the current one, and new products that the company was developing. After lengthy discussion on the matter, they decided that they would expand the current facilities. They assigned the finance officer the task of writing a report translating the plan outlines into hard numbers. What type of report was the finance officer directed to prepare?
A. Cash budget B. Zero-base budgeting C. Capital budget D. Revenue budget
All of the following are examples of Herzberg's hygiene factors except
A. responsibility. B. supervision. C. pay. D. working conditions. E. job security.