The Administrative Procedure Act is a model code that states have adopted that help them define the role of agencies

Indicate whether the statement is true or false


FALSE

Business

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Cost of goods available for sale is equal to beginning inventory less cost of goods sold

a. True b. False Indicate whether the statement is true or false

Business

Windsor Enterprises, a subsidiary of Kennedy Company based in New York, reported the following information at the end of its first year of operations (all in British pounds): assets--338,000; expenses--360,000; liabilities--101,000; capital stock--80;000, revenues--517,000 . Relevant exchange rates are as follows: On date subsidiary stock was purchased ................ $2.05 Average rate for the

year ............................. 1.84 At year end ........................................... 1.80 As a result of the translation process, what amount is recorded on the financial statements as the translation adjustment? a. $26,280 debit adjustment b. $26,280 credit adjustment c. $6,280 credit adjustment d. $6,280 debit adjustment

Business

Profit under absorption costing may differ from profit determined under variable costing. How is this difference calculated?

a. Change in the quantity of all units in inventory times the relevant fixed costs per unit. b. Change in the quantity of all units produced times the relevant fixed costs per unit. c. Change in the quantity of all units in inventory times the relevant variable cost per unit. d. Change in the quantity of all units produced times the relevant variable cost per unit.

Business

Hector is interested in using goals in order to motivate his employees. He should remember the following in order to effectively utilize goals: ______.

A. Goals are best set by the leader, regardless of the relevance of the goal to the individual employee. B. The degree to which a person is committed to a goal influences their willingness to persist and attain it. C. Easy goals are more motivating than challenging goals. D. Nonspecific goals such as “do your best” are more effective than specific goals.

Business