For a manufacturing firm that makes computers, which of the following would NOT be
considered part of the cost of goods sold?
A) speakers
B) accountant's wages
C) disk drives
D) memory chips
E) assembly line wages
B
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The controller at Business Services Consulting needs new computers for the accounting department. However, there are no guidelines specifying whether the controller can approve purchases of office equipment. Which internal control procedure needs strengthening?
A) assignment of responsibilities B) competent, reliable, and ethical personnel C) separation of duties D) documents
A $43,000, two-month, 10% note payable was issued on December 1, 2016. What is the amount of interest expense recorded in the year 2017?
A) $494 B) $358 C) $717 D) $42,994
According to Kandola (2000), competency-based recruitment decisions result in:
a. increased diversity. b. decreased diversity. c. no discernible difference in diversity. d. poorer management decisions.
A learning percentage of 80 means that each time output is doubled, it takes ________ percent less time to produce than before
Fill in the blank with the appropriate word.