Which of the following might be a status and exception report used in shop-floor control?
A. Quality failure report
B. Shortage lists
C. Union activity report
D. Expediting report
E. Absentee report
Answer: B
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Tess owns a building in which she rents apartments to tenants and operates a restaurant. Which of the following statements is incorrect?
A. If 60% of Tess’s gross income is from apartment rentals and 40% is from the restaurant, the rental operation and the restaurant business must be treated as separate activities. B. If 95% of Tess’s gross income is from apartment rentals and 5% is from the restaurant, she may treat the rental operation and the restaurant business as a single activity that is a rental activity. C. If 5% of Tess’s gross income is from apartment rentals and 95% is from the restaurant, she may treat the rental operation and the restaurant business as a single activity that is not a rental activity. D. If 98% of Tess’s gross income is from apartment rentals and 2% is from the restaurant, the rental operation and the restaurant business must be treated as a single activity that is not a rental activity. E. None of these is correct.
A major disadvantage of publicity is that _____
a. credibility is low b. effectiveness cannot be assessed c. a small audience is addressed d. there is no control over message, timing, placement, and coverage
Indicate how each event affects the elements of financial statements. Use the following letters to record your answer in the box shown below each element. You do not need to enter amounts. Assume that Frank Company uses a perpetual inventory system.Increase = I Decrease = D No Effect = NA(Note that "No Effect" means that the event does not effect that element of the financial statements or that the event causes an increase in that element that is offset by a decrease in that same element.) Wetzel Co. sold merchandise to a customer for $1,400 cash. The merchandise had originally cost Wetzel $850. (Consider the effects of both parts of this event.)AssetsLiabilitiesStk. EquityRevenuesExpensesNet IncomeStmt of Cash Flows???????
What will be an ideal response?
Which of the following statements concerning Social Security survivor benefits is false?
A) Only widows with a young child are entitled to benefits. B) Survivor benefits are based on the historic earnings of the deceased. C) A dependent parent age 62 or above may receive benefits. D) To be eligible for survivors' benefits the deceased must have had a record of recent or past earnings.