Questionnaires include three basic types of questions: open-ended, closed-ended, and scaled-response.
Answer the following statement true (T) or false (F)
True
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A short-term investment in a U.S. Treasury bill costs $24,200 and will mature in six months at $25,000 . Management intends to hold the investment until it matures. The entry to record receipt of cash at maturity is: (No prior entries were made to recognize revenue.)
a. Cash 25,000 Short – Term Investments 24,200 Interest Income 800 b. Cash 25,000 Short – Term Investments 25,000 c. Cash 24,200 Short – Term Investments 24,200 d. Cash 25,000 Short – Term Investments 24,200 Gain on Sale of Investments 800
Which of the following is a characteristic of a job order costing system?
A) Uses several Work in Process Inventory accounts B) Uses job cost cards to keep track of each job in process C) Assigns costs to specific processes D) Recognizes cost of materials when products are sold
Most studies have indicated that what percent of a product's total life-cycle costs are determined in the development/design stage?
a. 60%-70% b. 70%-80% c. 80%-90% d. 90%-95%
Which of the following group of accounts are increased with a debit?
A) assets, liabilities, owner's equity B) assets, drawing, expenses C) assets, revenues, expenses D) assets, liabilities, revenues