During the ______ phase of the system development life cycle, an organization’s current capabilities are documented, new needs are identified, and the scope of an HRIS is determined.
a. planning
b. analysis
c. implementation
d. maintenance
b. analysis
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The traditional approach to applying overhead costs to a product or service is to use a(n)
A) actual overhead rate. B) activity-based overhead rate. C) departmental overhead rate. D) single-plantwide overhead rate.
During August, the Filtering Department of Olive, Inc had beginning Work-in-Process inventory of 120 units with costs of $50,000
525 units were transferred in during the month. It had 60 units in ending Work-in-Process Inventory. Under the first-in, first-out (FIFO) method, current period equivalent units of production for transferred in units in beginning Work-in-Process Inventory of the Filtering Department is ________. A) 0 units B) 525 units C) 120 units D) 60 units
The implied warranty of habitability does not apply once a tenant moves in
Indicate whether the statement is true or false
On January 1, Jeff loans his friend Patrick $7,000 to buy a used car. Patrick signs a noninterest-bearing demand note. The applicable interest rate is 5%. Which of the following statements is correct?
A) Jeff has made a taxable gift to Patrick of $3,500. B) Jeff must report interest income of $3,500 from Patrick. C) Jeff has made a gift to Patrick that is not taxable since it is less than $11,000. D) Interest does not have to be imputed on the gift since the loan amount is less than $10,000 and does not have a tax avoidance motive.