Which of the following items might cause activity-based costing (ABC) to be more difficult to implement in a service company than in a manufacturing company?
A) The lack of direct labor.
B) The lack of facility-level costs.
C) The lack of repetitive activities.
D) The lack of overhead costs.
C
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If cash is received from customers in payment for services that have not yet been performed, the business would record the cash receipt as:
A. A credit to accounts payable. B. A credit to an unearned revenue account. C. A debit to an unearned revenue account. D. A credit to a prepaid expense account. E. A debit to a prepaid expense account.
When selecting the ______________________ the brand must focus on not simply creating awareness, but deliberate efforts to create favorable associations.
a. Line extension b. Media c. Target audience d. Market
Before being transported, hazardous waste generated by Perilous Fabrication, Inc, must be properly labeled and packaged under the Resource Conservation and Recovery Act by
a. the federal Environmental Protection Agency. b. the local Resource Conservation and Recovery Committee. c. the state Environmental Regulatory Commission. d. Perilous Fabrication, Inc.
The Colorado Jet Boat Company had a cash balance of $3 million at the beginning of 2010. During
2010, Sales were $8 million and expenses were $7 million. Therefore, A) the cash balance at the end of 2010 must be less than $11 million. B) the cash balance at the end of 2010 must be greater than $3 million. C) the cash balance at the end of 2010 is $4 million. D) the cash balance at the end of 2010 cannot be determined from the information given.