The practice of recording economic activity when it is recognized rather than waiting until it is realized is called:
a. GAAP accounting
b. accrual accounting
c. forward-looking accounting
d. management accounting
B
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According to the VALS segmentation system, ________ are considered to be trendy and fun-loving people who are resource-constrained. They favor stylish products that emulate the purchases of those with greater material wealth
A) strivers B) survivors C) experiencers D) makers E) believers
Listing them in the proper order, what are the stages in the buyer decision process? Describe each
What will be an ideal response?
Which one of Lewin’s basic change model stages is where managers need to give employees time to adjust to change and ensure they are communicating with them consistently and effectively by reinforcing their vision for change by providing evidence, such as research, documentation, and success stories of other companies that have implemented similar changes?
a. Reconstructing b. Unfreezing c. Transforming d. Refreezing
Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data:Total machine-hours30,000Total fixed manufacturing overhead cost$252,000Variable manufacturing overhead per machine-hour$2.10Recently, Job T687 was completed with the following characteristics:Number of units in the job10Total machine-hours30Direct materials$675Direct labor cost$1,050The unit product cost for Job T687 is closest to: (Round your intermediate calculations to 2 decimal places.)
A. $172.50 B. $99.00 C. $204.00 D. $68.00