If a company reduces its fixed costs, the operating income will increase by the same amount as the cost reduction
Indicate whether the statement is true or false
TRUE
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Sawaddee Enterprises began the year with total assets of $450,000 and total liabilities of $230,000 . If Sawaddee total liabilities increased by $31,000 and its owners' equity decreased by $53,000 during the year, what was the amount of its total assets at the end of the year?
a. $472,000 b. $242,000 c. $198,000 d. $428,000
Mike, a job analyst, conducts a job analysis at Great Bread, Inc. George, a first-level supervisor at Great Bread, conducts an initial tour of the work site for Mike. According to the conventional job analysis procedures developed by the U.S. federal government, which of the following steps should Mike perform immediately after the initial tour?
A. Mike should prepare a preliminary list of duties that will serve as a framework for conducting interviews. B. Mike should conduct an interview with George to get an overview of the job and to understand how the major duties fit together. C. Mike should review existing documents in order to develop further familiarity with the job. D. Mike should go on a second tour of the work site but with a different first-level supervisor, someone other than George.
Lucas Company has set standards for the manufacturing of clay pots to be 2 pounds of direct materials, per pot, at a cost of $3 per pound. During the current period, 600 pounds of direct materials were purchased for $1842 . All of the direct materials were used to manufacture 295 pots. Lucas's direct materials price variance was
a. $72 (U). b. $42 (U). c. $72 (F). d. zero.
Explain the process of how servant leadership works.
What will be an ideal response?