Which of the following is an advantage of the job ranking method of job evaluation?
A. It is objective in nature.
B. It is easy to explain.
C. It is easily adaptable to large organizations.
D. It evaluates jobs against a predetermined scale.
Answer: B
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Using the data given below, calculate the income from unknown sources for years 2 and 3 respectively. Year 1 Year 2 Year 3 Total Assets $252,000 $266,000 $309,000 Total Liabilities 244,000 134,000 64,000 Known Income 30,000 69,000 74,000 Total Living Expenses 17,500 10,800 8,800
a. (i) -3,200; -26,200 b. (i) 65,800; 47,800 c. (i) 76,600; 56,600 d. (i) 69,000; 74,000
Win Shield International manufactures trophies. Each trophy goes through two departments in the production process and requires two direct labor hours in Department A and one hour in Department B. Labor cost is $8 per hour in Department A and $10 per hour in Department B. Assuming the amount budgeted to be produced in March is 30,000 units, what is the budgeted direct labor cost of Win Shield for
March? A) $810,000 B) $840,000 C) $780,000 D) $540,000
Jymo Company has a tax rate of 25 percent and is considering a capital project that will make the following annual contribution to operating income: Cash revenues $250,000 Cash expenses (150,000) Depreciation (75,000) Operating income before income taxes $25,000 Income taxes (6,250) Operating income $18,750 Using the income adjustment procedure, net cash inflows are
A) $(93,750). B) $12,500. C) $93,750. D) $100,000.
The primary difference between a periodic and perpetual inventory system is that a
A) periodic system determines the inventory on hand only at the end of the accounting period B) periodic system keeps a record showing the inventory on hand at all times C) periodic system provides an easy means to determine inventory shrinkage D) periodic system records the cost of the sale on the date the sale is made