A good system of internal control requires that the job order cost sheet be destroyed as soon as the job is complete.

a. True

b. False

Which of the following should be disclosed by a company providing health care benefits to its retirees? I. The assumed health care cost trend rate used to measure the expected cost of benefits covered by the plan. II.

Madison wants to open a restaurant and plans to employ a staff of about 10 people, including wait staff and cooks. what type of organization is madison planning to create? centralized specialized narrow flat departmentalized

Rustafson Corporation is a diversified manufacturer of consumer goods. The company's activity-based costing system has the following seven activity cost pools: Activity Cost Pool Estimated Overhead Cost Expected Activity Labor-related $52,000 8,000

Suppose that many seople who earn a living growing pumpkins decide they can make more money selling fruit smoothies and switch coupations.

If an organizational manual exists, a description of the division of work and the position shown on the organization chart will be given in the manual or will be located on the company's intranet. A) True B) False

You have two investments. The value of Investment A at the end of April was $500, at the end of May was $600, and at the end of June was $400.

2017 Sold $1,351,700 of merchandise (that had cost $981,800) on credit, terms n/30. Wrote off $21,500 of uncollectible accounts receivable. Received $670,400 cash in payment of accounts receivable.

Which of the following types of value chain processes directly creates and delivers goods and services to customers? General management processes Postproduction processes Support processes Core processes

Comanic Corp. has common stock of $5,400,000, retained earnings of $2,000,000, unrealized gains on trading securities of $100,000 and unrealized losses on available-for-sale securities of $200,000.

Pirate Corporation acquired 85 percent of Ship Company's voting shares of stock in 20X7. During 20X8, Pirate purchased 50,000 circuit boards for $15 each and sold 28,000 of them to Ship for $20 each.