Budgeted costs for the year for Kim, Kramer, and Regan Associates, a professional services firm, are as follows: Associates salaries $400,000 Fringe benefits 100,000 Lease expense 265,000 Partner salaries 450,000 Telephone and fax 60,000
a. 60%
b. 33%
c. 50%
d. 67%
c
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The general ledger shows a balance of $66,600 in the Merchandise Inventory account at the end of the period. The physical inventory count shows inventory of $63,400. (Assume a perpetual inventory system.) The adjusting entry includes a ________.
A) debit to Cost of Goods Sold and a credit to Merchandise Inventory for $3,200 B) debit to Cost of Goods Sold and a credit to Cash for $3,200 C) debit to Merchandise Inventory and a credit to Cost of Goods Sold for $3,200 D) debit to Merchandise Inventory and a credit to Cash for $3,200
Reasons to study operations management include:
A) studying how people organize themselves for productive enterprise. B) knowing how goods and services are consumed. C) understanding what human resource managers do. D) learning about a costly part of the enterprise. E) A and D
The environment is the culture of a business, and it starts with the CEO or CFO and the top managers
Indicate whether the statement is true or false
Corporate scandals at Enron, WorldCom-MCI, and other firms are examples of failure of ________.
A. corporate public relations B. corporate governance C. corporate ethics D. corporate violations