Answer:
d. $625,000
Explanation:
cost of goods available for sale = cost of goods manufactured during the current period + finished goods inventory at the beginning of the period
- cost of goods manufactured during the current period = $600,000
- finished goods inventory at the beginning of the period = $25,000
cost of goods available for sale = $600,000 + $25,000 = $625,000
cost of goods sold = cost of goods available for sale - ending inventory = $625,000 - $40,000 = $585,000
Answer:
4
Explanation:
receivable turnover = net credit sales / average inventory
avarage iventory = ($761000 + $841000) / 2 = $801,000
$3,204,000 / $801,000 = 4
Answer: The following is true of performance management: <em><u>It focuses on analyzing employee performance by grouping them into predefined frequencies of performance ratings.</u></em>
Performance management are predefined activities that check whether the short term and long term goals are achieved in an effective and cost-effective manner. It also focus on the performance of an organization, a sector, an worker, or the activity.
<u><em>Therefore, the correct option is (a.)</em></u>
Answer:
True (at least most of the time)
Ideally companies will require their systems analysts to have a college degree in information systems, computer science, business, or a closely related field.
But sometimes the demand for people with a degree in computer science or information systems is much larger than the supply, then many companies go directly to the colleges and hire students who haven't graduated yet.
I know this since a few years ago a local university issued a public statement about this issue since less that 30% of their students (in computer related fields) actually graduated. Most of the students were hired by Intel, IBM and HP during their third college year and they dropped out. Of course the students left because they were offered high salaries, imagine if you are 20 or 21 years old and a huge corporation offers you over $70,000 a year. I'm not sure that this is still happening, but I doubt it has changed.
Answer:
(A) GAAP does not have substantial authoritative support.
Explanation:
Choices B to C are true about GAAP.
Now, Choice A is not true since GAAP also includes detailed procedures and practices that provide a <u>standard</u> and not only broad guidelines of general application and this will imply that GAAP has a <u>substantial authoritative support.</u>
<u></u>
Also it is called "Generally Accepted Accounting Principles" for this reason.
