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External link to Question : 29) A full-cost formula for pricing does not require the : 1211811
Accounting

Question : 29) A full-cost formula for pricing does not require the : 1211811

  29) A full-cost formula for pricing does not require the management accountant to perform a detailed analysis of cost-behavior patterns. 30) Nancy Company has budgeted sales of $300,000 with the following budgeted costs:   Direct materials$60,000 Direct manufacturing labor40,000 Factory overhead Variable30,000 Fixed50,000 Selling and administrative expenses Variable20,000 Fixed30,000   Compute the average markup percentage for setting prices as a percentage of:   a.The […]

External link to Question : 71. A ledger is: A. A record containing all accounts (with amounts) for : 1256661
Accounting

Question : 71. A ledger is: A. A record containing all accounts (with amounts) for : 1256661

    71. A ledger is:  A. A record containing all accounts (with amounts) for a business. B. A journal in which transactions are first recorded. C. A collection of documents that describe transactions and events during the accounting process. D. A list of all accounts with their debit balances at a point in time. E. A list of all accounts a company uses and includes an identification number assigned to […]

External link to Question : 151. Income before taxes for financial reporting usually differs from taxable : 1230457
Accounting

Question : 151. Income before taxes for financial reporting usually differs from taxable : 1230457

    151. Income before taxes for financial reporting usually differs from taxable income reported to tax authorities. Which of the following is/are not true? A. Some of the differences may arise because of permanent differences (items that affect income for financial reporting but never affect taxable income, or vice versa).B. Some of the differences may arise because of temporary differences (items that affect income for financial reporting in […]

External link to Question : 131.When expenses exceed revenues, the resulting change in equity is: A.Net : 1258290
Accounting

Question : 131.When expenses exceed revenues, the resulting change in equity is: A.Net : 1258290

    131.When expenses exceed revenues, the resulting change in equity is:    A.Net assets.   B.Negative equity.   C.Net loss.   D.Net income.   E.A liability.         132.A resource that the stockholder receives from the company is called a(n):    A.Liability.   B.Dividend.   C.Expense.   D.Common stock.   E.Investment.         133.Distributions of cash or other resources by a business […]

External link to Question : 111. The Swan Company produces their product at a total cost : 1246947
Accounting

Question : 111. The Swan Company produces their product at a total cost : 1246947

    111. The Swan Company produces their product at a total cost of $43 per unit. Of this amount $8 per unit is selling and administrative costs. The total variable cost is $30 per unit The desired profit is $20 per unit. Determine the mark up percentage on product cost.  A. 80% B. 46% C. 70% D. 65%   112. The Swan Company produces their product at a total cost […]

External link to Question : 91. Investments in trading securities: A. Include only equity securities. B. Are reported as current : 1256244
Accounting

Question : 91. Investments in trading securities: A. Include only equity securities. B. Are reported as current : 1256244

    91. Investments in trading securities:  A. Include only equity securities. B. Are reported as current assets. C. Include only debt securities. D. Are reported at their cost, no matter what their market value. E. Are long-term investments.       92. A decrease in the fair market value of a security that has not yet been realized through an actual sale of the security is called a(n):  A. Contingent loss B. Realizable […]

External link to Question : 51. Two methods of accounting for uncollectible accounts the A. direct write-off method : 1227246
Accounting

Question : 51. Two methods of accounting for uncollectible accounts the A. direct write-off method : 1227246

    51. Two methods of accounting for uncollectible accounts are the  A. direct write-off method and the allowance method. B. allowance method and the accrual method. C. allowance method and the net realizable method. D. direct write-off method and the accrual method.   52. If the direct write-off method of accounting for uncollectible receivables is used, what general ledger account is credited to write off a customer’s account as uncollectible?  […]

External link to Question : 73.Newcomb Company began operations December 1, 2013. The following transactions : 1254379
Accounting

Question : 73.Newcomb Company began operations December 1, 2013. The following transactions : 1254379

  73.Newcomb Company began operations on December 1, 2013. The following transactions were recorded in December:1) The business received $3,000 cash from the issuance of common stock to its stockholders.2) Provided services on account for $2,500.3) Paid $1,500 cash for land.4) Accrued $1,000 of salaries expenses.5) Purchased $300 of supplies on account to be used in January.6) Collected $1,300 from customers.At December 31, 2011, the […]

External link to Question : 111. A corporation uses the Indirect Statement of Cash Flows. A : 1234259
Accounting

Question : 111. A corporation uses the Indirect Statement of Cash Flows. A : 1234259

  111. A corporation uses the Indirect Statement of Cash Flows. A fixed asset has been sold for $25,000 representing a gain of $2,750. The value in the Operations section regarding this event would be:  A. $25,000. B. $2,750. C. $27,750. D. Some other value. 112. Accounts receivable arising from sales to customers amounted to $40,000 and $35,000 at the beginning and end of the year, respectively. Income reported on the […]

External link to Question : 61. Shelby and Mortonson formed a partnership with capital contributions of : 1256283
Accounting

Question : 61. Shelby and Mortonson formed a partnership with capital contributions of : 1256283

    61. Shelby and Mortonson formed a partnership with capital contributions of $300,000 and $400,000, respectively. Their partnership agreement calls for Shelby to receive a $60,000 per year salary. Also, each partner is to receive an interest allowance equal to 10% of a partner’s beginning capital investments. The remaining income or loss is to be divided equally. If the net income for the current year […]

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July 1, 2023
    

 

31.Roger Ramon is a militant member of a faculty union at a medium-sized college. When the union's negotiating committee is reporting to a meeting of the faculty, he always finds fault with the work of that committee and strongly advocates striking. When a member of the negotiating committee resigns because of illness, the union's executive committee appoints Roger to take his place. This is an example of:

a.formal strategic alliance.

b.cooptation.

c.change of domain.

d.public relations.

32.A(n) ____ is a formal linkage that occurs when a member of the board of directors of one company sits on the board of directors of another company.

a.joint venture

b.interlocking directorate

c.integration

d.indirect interlock

33.Which of the following occurs when leaders from important sectors in the environment are made part of an organization?

a.Integration

b.Joint venture

c.Resource dependence

d.Cooptation

34.____ is especially important in highly competitive consumer industries and in industries that experience variable demand.

a.Advertising

b.Cooptation

c.Executive recruitment

d.Contracts

35.An organization can change its domain most directly by:

a.hiring a new CEO.

b.changing the nature of the labor-management agreements.

c.divesting a division of the organization.

d.moving to a more favorable structure.

36.____ can be used to erect regulatory barriers against new competitors or to squash unfavorable legislation.

a.Cooptation

b.Contracts

c.Joint venture

d.Political strategy

37.“Generation C” refers to people born after:

a.1970.

b.1980.

c.1990.

d.2000.

38.As part of the “green movement,” Nike began making shoes with recycled materials and eco-friendly glues. The big oil company Valero is using windmills to run its refineries more efficiently and produce petroleum-based fuels more easily. These examples belong to which sector of the general environment?

a.Sociocultural

b.Economic

c.Government

d.Technology

39.Chapter 4’s Bookmark examines the volatile nature of today’s business world and gives some tips for managing in a fast-shifting environment. Which of the following is not one of those tips?

a.Seek out and welcome diverse ideas

b.Understand the environment as it was in the past

c.Ruthlessly assess your organization

d.Avoid the common causes of manager failure to confront reality, including filtered information and selective hearing

40.Oil companies, aerospace firms, and telecommunications firms function within a _____ environment.

a.simple, stable

b.complex, stable

c.sumple, unstable

d.complex, unstable

41.Which of the following laws required several types of corporate governance reforms, including better internal monitoring to reduce the risk of fraud, certification of financial results by top executives, and improved measures for internal auditing?

a.Fair Accounting Standards Act

b.Taft-Hartley Act

c.Occupational Safety and Health Act

d.Sarbannes-Oxley Act

42._____ gives top executives a systematic way to collect and analyze public information about rivals and use it to make better decisions.

a.Business intelligence

b.Competitive intelligence

c.Cooptation

d.Integration

43.When one individual is the link between two companies, this is typically referred to as a _____ interlock.

a.direct

b.indirect

c.organic

d.mechanistic

 

 

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July 1, 2023
    

 

31.Roger Ramon is a militant member of a faculty union at a medium-sized college. When the union's negotiating committee is reporting to a meeting of the faculty, he always finds fault with the work of that committee and strongly advocates striking. When a member of the negotiating committee resigns because of illness, the union's executive committee appoints Roger to take his place. This is an example of:

a.formal strategic alliance.

b.cooptation.

c.change of domain.

d.public relations.

32.A(n) ____ is a formal linkage that occurs when a member of the board of directors of one company sits on the board of directors of another company.

a.joint venture

b.interlocking directorate

c.integration

d.indirect interlock

33.Which of the following occurs when leaders from important sectors in the environment are made part of an organization?

a.Integration

b.Joint venture

c.Resource dependence

d.Cooptation

34.____ is especially important in highly competitive consumer industries and in industries that experience variable demand.

a.Advertising

b.Cooptation

c.Executive recruitment

d.Contracts

35.An organization can change its domain most directly by:

a.hiring a new CEO.

b.changing the nature of the labor-management agreements.

c.divesting a division of the organization.

d.moving to a more favorable structure.

36.____ can be used to erect regulatory barriers against new competitors or to squash unfavorable legislation.

a.Cooptation

b.Contracts

c.Joint venture

d.Political strategy

37.“Generation C” refers to people born after:

a.1970.

b.1980.

c.1990.

d.2000.

38.As part of the “green movement,” Nike began making shoes with recycled materials and eco-friendly glues. The big oil company Valero is using windmills to run its refineries more efficiently and produce petroleum-based fuels more easily. These examples belong to which sector of the general environment?

a.Sociocultural

b.Economic

c.Government

d.Technology

39.Chapter 4’s Bookmark examines the volatile nature of today’s business world and gives some tips for managing in a fast-shifting environment. Which of the following is not one of those tips?

a.Seek out and welcome diverse ideas

b.Understand the environment as it was in the past

c.Ruthlessly assess your organization

d.Avoid the common causes of manager failure to confront reality, including filtered information and selective hearing

40.Oil companies, aerospace firms, and telecommunications firms function within a _____ environment.

a.simple, stable

b.complex, stable

c.sumple, unstable

d.complex, unstable

41.Which of the following laws required several types of corporate governance reforms, including better internal monitoring to reduce the risk of fraud, certification of financial results by top executives, and improved measures for internal auditing?

a.Fair Accounting Standards Act

b.Taft-Hartley Act

c.Occupational Safety and Health Act

d.Sarbannes-Oxley Act

42._____ gives top executives a systematic way to collect and analyze public information about rivals and use it to make better decisions.

a.Business intelligence

b.Competitive intelligence

c.Cooptation

d.Integration

43.When one individual is the link between two companies, this is typically referred to as a _____ interlock.

a.direct

b.indirect

c.organic

d.mechanistic

 

 

default image
July 1, 2023
    

 

31.Roger Ramon is a militant member of a faculty union at a medium-sized college. When the union's negotiating committee is reporting to a meeting of the faculty, he always finds fault with the work of that committee and strongly advocates striking. When a member of the negotiating committee resigns because of illness, the union's executive committee appoints Roger to take his place. This is an example of:

a.formal strategic alliance.

b.cooptation.

c.change of domain.

d.public relations.

32.A(n) ____ is a formal linkage that occurs when a member of the board of directors of one company sits on the board of directors of another company.

a.joint venture

b.interlocking directorate

c.integration

d.indirect interlock

33.Which of the following occurs when leaders from important sectors in the environment are made part of an organization?

a.Integration

b.Joint venture

c.Resource dependence

d.Cooptation

34.____ is especially important in highly competitive consumer industries and in industries that experience variable demand.

a.Advertising

b.Cooptation

c.Executive recruitment

d.Contracts

35.An organization can change its domain most directly by:

a.hiring a new CEO.

b.changing the nature of the labor-management agreements.

c.divesting a division of the organization.

d.moving to a more favorable structure.

36.____ can be used to erect regulatory barriers against new competitors or to squash unfavorable legislation.

a.Cooptation

b.Contracts

c.Joint venture

d.Political strategy

37.“Generation C” refers to people born after:

a.1970.

b.1980.

c.1990.

d.2000.

38.As part of the “green movement,” Nike began making shoes with recycled materials and eco-friendly glues. The big oil company Valero is using windmills to run its refineries more efficiently and produce petroleum-based fuels more easily. These examples belong to which sector of the general environment?

a.Sociocultural

b.Economic

c.Government

d.Technology

39.Chapter 4’s Bookmark examines the volatile nature of today’s business world and gives some tips for managing in a fast-shifting environment. Which of the following is not one of those tips?

a.Seek out and welcome diverse ideas

b.Understand the environment as it was in the past

c.Ruthlessly assess your organization

d.Avoid the common causes of manager failure to confront reality, including filtered information and selective hearing

40.Oil companies, aerospace firms, and telecommunications firms function within a _____ environment.

a.simple, stable

b.complex, stable

c.sumple, unstable

d.complex, unstable

41.Which of the following laws required several types of corporate governance reforms, including better internal monitoring to reduce the risk of fraud, certification of financial results by top executives, and improved measures for internal auditing?

a.Fair Accounting Standards Act

b.Taft-Hartley Act

c.Occupational Safety and Health Act

d.Sarbannes-Oxley Act

42._____ gives top executives a systematic way to collect and analyze public information about rivals and use it to make better decisions.

a.Business intelligence

b.Competitive intelligence

c.Cooptation

d.Integration

43.When one individual is the link between two companies, this is typically referred to as a _____ interlock.

a.direct

b.indirect

c.organic

d.mechanistic

 

 

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