The approved payroll disbursement voucher is used to:
a. record time worked
b. record hours worked on specific jobs
c. prepare and disburse employee paychecks
d. prepare a payroll transfer check
D
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Having just spent $1,500 for a new engine for his old car, Danilo now learns his transmission needs to be replaced. He decides to junk the car now, rather than repair it. Danilo has avoided the __________ bias.
A. anchoring and adjustment B. confirmation C. availability D. representativeness E. escalation of commitment
The reliability of a product or component can also be expressed as the ______ of time elapsed before the product or component fails.
A. maximum length B. average length C. minimum length D. range (difference between lowest and highest times)
Typically, depreciation calculations are rounded to the nearest whole month
Indicate whether the statement is true or false
Last year Universal Transportation retained $225,000 of the $750,000 net income it generated. This year Universal generated net income equal to $550,000. If Universal follows the constant payout ratio dividend policy, how much should it pay in total dividends this year?
A. $550,000 B. $385,000 C. $165,000 D. $715,000 E. $525,000