What is the percentage cost of foregoing the payable discounts when the terms are 1/15 net 45 (rounded to the nearest whole percentage point)?
A) 8%
B) 10%
C) 12%
D) 14%
C
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The audit report is modified to five paragraphs as a result of another audit firm performing part of the financial statement audit
a. True b. False Indicate whether the statement is true or false
An accounting information system is said to have good flexibility, if it ________.
A) works smoothly with the business's employees and organizational structure B) safeguards a business's assets and reduces the likelihood of fraud and errors C) provides information that will improve decision making and reduce uncertainty D) accommodates changes in the business over time
Negative judgements and attributions between team members in the storming stage can be ______.
a. cathartic b. misleading c. highly destructive d. constructive if they appear in a virtual medium
Which of the following best describes a job cost record?
A) A form used to track the transfer of raw materials to the production floor B) A record that shows the raw materials balance as well as raw materials received and issued C) A document that shows direct materials, direct labor and manufacturing overhead costs for an individual job. D) A record of employee productivity and downtime for a particular job