Which of the following is not a goal of a system of internal control over merchandising transactions?
a. Prevent the theft of cash and inventory.
b. Keep enough cash on hand to take advantage of purchase discounts.
c. Keep the maximum amount of inventory on hand at all times.
d. Keep credit losses as low as possible.
C
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Considering a “strengths” approach to leadership as used in the strengthsfinder assessment, how are traits, talents, and strengths related to one another?
What will be an ideal response?
Bradley Corporation has three production departments A, B, and C. Bradley Corporation also has two service departments, Administration and Personnel. Administration costs are allocated based on value of assets employed, and Personnel costs are allocated based on number of employees. Assume that Administration provides more service to the other departments than does the Personnel Department. Dept
Direct Costs Employees Asset Value Admin. $900,000 25 $450,000 Personnel 350,000 10 600,000 A 700,000 15 300,000 B 200,000 5 150,000 C 250,000 10 800,000 Refer to Bradley Corporation. Assume that Administration costs have been allocated and the balance in Personnel is $860,000 . What amount is allocated to B (round to the nearest dollar)? a. $213,964 b. $430,000 c. $106,982 d. $143,333
The interest charged by the bank, at the rate of 9%, on a 3-month, discounted note payable for $100,000 is:
A) $9,000. B) $2,250. C) $750. D) $1,000.
Project management people skills include:
A) Team building. B) Scheduling. C) Budgeting. D) Project evaluation.