51.Which of the following statements is true of two-way linkages?    A.The strategic planning function and the human resource management function are interdependent.   B.The two-way linkage level is the lowest level of integration.   C.The human resource management executive has no time to take a strategic outlook toward human resource issues.   D.The human resource function is limited to monitoring day-to-day activities.   […]

  11) The new cost analyst in your accounting department has just received a computer-generated report that contains the results of a simple regression program for cost estimation. The summary results of the report appear as follows:   VariableCoefficientStandard Errort-Value Constant$35.92$16.022.24 Predictor variable$563.80$205.402.74   r2 = 0.75   Required: a.What is the cost estimation equation according to the report? b.What is the goodness of fit? […]

    91. During Year 7, Seven Corporation wrote down marketable equity securities to their market value. The journal entry made for this write-down is as follows:Unrealized Holding Loss on Marketable Equity SecuritiesAvailable for Sale . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . […]

      Objective 11.1   1) A decision model involves: A) only quantitative analyses B) both quantitative and qualitative analyses C) only qualitative analyses D) a manager’s instinct   2) Feedback regarding previous actions may affect: A) future predictions B) implementation of the decision C) the decision model D) All of these answers are correct.   3) Place the following steps from the five-step […]

    31. Purchaser Corporation acquires 30% of the outstanding voting common shares of the Investee Corporation for $600,000. Purchaser Corporation acquires the investment in Investee Corporation by buying previously issued shares of Investee Corporation from other investors. Between the time of the acquisition and the end of Purchaser Corporation’s next accounting period, Investee Corporation reports earnings of $80,000; and pays a dividend of $30,000 to […]

  159.Assuming unearned revenues are originally recorded in balance sheet accounts, the adjusting entry to record earning of unearned revenue is:    A.Increase an expense; increase a liability. B.Increase an asset; increase revenue. C.Decrease a liability; increase revenue. D.Increase an expense; decrease an asset. E.Increase an expense; decrease a liability. 160.The adjusting entry to record an accrued expense is:    A.Increase an expense; increase a liability. B.Increase […]

91. Use the information in the adjusted trial balance for Stockton Company to answer the questions that follow.  Stockton Company Adjusted Trial Balance For the Year Ended December 31, 20XX Cash$  6,030 Accounts Receivable2,100 Prepaid Expenses700 Equipment13,700 Accumulated Depreciation$  1,100 Accounts Payable1,900 Notes Payable4,200 Capital Stock2,000 Retained Earnings10,940 Dividends790 Fees Earned8,750 Wages Expense2,500 Rent Expense1,960 Utilities Expense775 Depreciation Expense250 Miscellaneous Expense85 Totals$28,890$28,890 Determine the total liabilities […]

    88.Which of the following statements is true?    A.Interest on bonds is tax deductible.   B.Interest on bonds is not tax deductible.   C.Dividends to stockholders are tax deductible.   D.Bonds do not have to be repaid.   E.Bonds always increase return on equity.         89.A bondholder that owns a $1,000, 10%, 10-year bond has:    A.Ownership rights in the issuing company. […]

    91. Production estimates for August are as follows:  Estimated inventory (units), August 1 12,000 Desired inventory (units), August 31 9,000 Expected sales volume (units), August 75,000     For each unit produced, the direct materials requirements are as follows:  Direct material A ($5 per lb.) 3 lbs. Direct material B ($18 per lb.) 1/2 lb.     The number of pounds of materials A […]

    41. The distinction between recognition and realization is essential to accrual accounting, hence the importance accorded to recognition criteria. Firms recognize items that qualify for inclusion in the financial statements when they enter the financial statements.  In the case of value decreases, the firm   A. recognizes the decreases as impairment expenses when it realizes the collection of the reduced cash flows. B. recognizes the decreases […]