For students, when must the search for a public relations position begin?
A) immediately after college graduation
B) after an internship
C) in college
D) when you are personally ready
C
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The Weber Company purchased a mining site for $1,750,000 on July 1 . The company expects to mine ore for thenext 10 years and anticipates that a total of 400,000 tons will be recovered. The estimated residual value of theproperty is $150,000 . During the first year, the company extracted 6,500 tons of ore. The depletion expense is
a. $15,000 b. $16,000 c. $17,500 d. $26,000
All of the following are factors that have been associated with high levels of fraud except:
a. participative management. b. high turnover. c. poor training and promotion opportunities. d. unreasonable budget expectations.
Assume a corporation underestimated its income tax liability for the year by $4,000 . What, if any, end-of-period adjustment is required?
a. The adjusting entry contains a debit to Income Tax Expense for $4,000, and a credit to Cash for $4,000. b. The adjusting entry contains a debit to Income Tax Payable for $4,000, and a credit to Income Tax Expense for $4,000. c. The adjusting entry contains a debit to Income Tax Expense for $4,000, and a credit to Income Tax Payable for $4,000. d. The adjusting entry contains a debit to Accounts Payable for $4,000, and a credit to Cash for $4,000. e. No adjustment is required.
Which of the following mathematical equations is used to calculate days sales outstanding (DSO)?
A. Days sales outstanding (DSO) = Receivables + Daily credit sales B. Days sales outstanding (DSO) = Payables + Daily credit sales C. Days sales outstanding (DSO) = Receivables/Cost of goods sold D. Days sales outstanding (DSO) = Accounts payable/Cost of goods sold E. Days sales outstanding (DSO) = Receivables/Daily credit sales