Code Corporation is conducting a time-driven activity-based costing study in its Customer Service Department. The company has provided the following data to aid in that study: Code CorporationCustomer Service DepartmentData InputsResource Data: Number of employees 18 Average salary per employee$37,740 Weeks of employment per year 50 Minutes available per week (40 hours × 60 minutes) 2,400 Practical capacity percentage 85% Activity Data:Processing OrdersResolving QueriesProcessing Credit ReviewsMinutes per unit of the activity162838 Cost Object Data:Customer GCustomer HCustomer INumber of orders processed28195Number of queries resolved18118Number of credit reviews processed111 On the Customer Cost Analysis report in time-driven activity-based costing, the Resolving
Queries cost assigned to Customer G would be closest to:
A. $127.77
B. $186.48
C. $10.36
D. $108.20
Answer: B
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The trial balance should
a. only be completed if you think there is a problem; b. list all of the accounts for the business even if they do not have a balance; c. be submitted to the owner as a formal report for the business; d. always balance; e. all of these.
The board of directors of Meckes Corporation, at a regular meeting of the board, entered into a contract with Peter, one of the directors. The agreement called for the sale of a retail store the corporation operated to Peter. There were 12 board members, 10 of whom were present at the meeting. Nine directors, including Peter, voted in favor of the contract and one voted against it. In view of these facts, which of the following is correct?
A. The contract between Peter and the corporation is illegal. B. If the contract is unfair to the corporation, it is voidable at the option of the corporation. C. The contract is valid because Peter's vote was not necessary for approval of the contract. D. A director cannot enter into a contract with a corporation of which he is a director.
To say that the United States and Singapore are at ease in an uncertain environment, would be to say that the United States and Singapore rank ______ on Hofstede’s dimensions.
A. low for uncertainty avoidance B. low for collectivism C. high for uncertainty avoidance D. low for power distance
Having one employee prepare company checks and sign those checks is:
A) a violation of proper segregation of duties B) a violation of adequate documentation C) a good example of independent verification D) a good example of establishing responsibility