A software company where software process is ad hoc and occasionally even chaotic is at the CMMI
A) Level 0.
B) Level 1.
C) Level 3.
D) Level 5.
B
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Which of the following statements is true?
a. An entry in a general ledger account can be traced to the trial balance by referring to the page listed in the posting reference column of that ledger account. b. The posting of an amount recorded in the general journal can be verified by referring to the account number listed in the posting reference column on that line in the general journal. c. Business transactions are recorded first in the general ledger; then that information is transferred to the general journal. d. No explanation is needed for each entry in the general journal.
The maximum earnings amounts to which the unemployment tax percentage is applied is $7,000 for every state
Indicate whether the statement is true or false
Chase Co owned 30,000 common shares of Sanborn Corporation purchased in 2008 for $540,000 . On September 20, 2014, Chase declared a property dividend of 1 share of Sanborn for every 5 shares of Chase stock held by a stockholder. On that date, there were 50,000 common shares of Chase outstanding, and the market value of Sanborn shares was $30 per share. The entry to record the declaration of the
property dividend would include a debit to Retained Earnings of a. $0. b. $300,000. c. $360,000. d. $540,000.
In December of 2012, Jones Inc was formed as a corporation. The company plans to start its operations in early January of 2013. They have the following purchases budgeted for the first quarter of 2013: January $600,000 February 500,000 March 300,000 Jones has worked out agreements with its various suppliers to pay for one-fourth of a month's purchases each month, beginning in the month of
purchase, until the purchases are paid in full. No purchases were made prior to January. What are expected total cash disbursements for the first quarter of 2013? A) $425,000 B) $625,000 C) $775,000 D) $350,000