MTT (Set 5 with answer) 1) The following is selected information from the records of Ray‚ Inc.: Purchases of raw materials $ 6‚000 Raw materials‚ beginning 500 Raw materials‚ ending 800 Work-in-process‚ beginning 0 Work-in-process‚ ending 0 Cost of goods sold 12‚000 Finished goods‚ beginning 1‚200 Finished goods‚ ending 1‚400 What is the total amount of conversion costs? a. $5‚500 b. $5‚900 c. $6‚100 d. $6‚500 ANSWER: Choice "d" is correct. Conversion costs (labor and overhead)
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Statement of Cash Flows True / False Questions 1. Income from continuing operations sometimes includes gains from nonoperating activities. True False 2. Intraperiod tax allocation is the process of associating income tax effects with the income statement components that create those effects. True False 3. Material restructuring costs are reported as an element of income from continuing operations. True False 4. Earnings quality refers to the ability
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1. Which of the six reasons that control is needed are apparent in this case? Explain. • Complexity of effective delivery is needed to successfully achieve the company’s goal of providing customers with the best delivery services (Kinicki & Williams‚ 2016‚ pg. 513). UPS needs to reduce the complexity of the services to reduce the risk of unexpected failures‚ such as weather changes. In addition to that‚ with the growth of the company also comes with the expansion of the level of production and product
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Master Budget The master budget is a comprehensive summary of a business’ long and short-term goals. “It is a set of interrelated budgets that constitutes a plan of action for a specified time period” (Weygandt‚ Kimmel‚ & Kieso‚ 2008‚ p.4). It brings together long-range plans and short-term budgets. It provides calculated targets for sub-activities such as target sales‚ distribution‚ production‚ and finance. In addition it helps calculate any other item of financial interest to the business owner
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Retention Management Turnover and Its Causes True / False Questions 1. There are several positive‚ functional outcomes of employee turnover. True False 2. Avoidable turnover is that which could have been prevented by actions like a pay raise or a new job assignment. True False 3. An employee’s perceived desirability of movement can depend on reasons that have little or nothing to do with the job. True False 4. An employee’s overall intention to quit depends on the desirability
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The file MGT 330 Week 4 Discussion Questions 1 has solution on this task: "Tell us about the leader in your organization that you have identified. How well does this leader fit in the organizational structure you have identified. Comment on the posts of your peers." Business - Management Legal Aspects of Staffing. Select one of the laws listed below and explain how it has changed the staffing process. Also select one governmental activity from the second list and explain how it influences
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True/False True 1. Empowerment is letting others make decisions and exercise discretion in their work. True 2. Given a clear mission‚ core values‚ objectives and strategy‚ organizing begins the process of strategy implementation by clarifying jobs and working relationships. False3. In the management process of organizing‚ the strategic leadership challenge is to choose least expensive organizational form to fit the strategy of the organization. True4. An organization’s ability to implement its
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card has been cancelled. To make matters worse‚ the fact that her card has been cancelled is reported to a credit reporting company‚ which hurts Betty’s credit score and makes it harder for her to get credit. Does the law provide any protections for Betty? What can she do? No‚ the law does not provide protection for Betty because when a credit card account is a joint account and one spouse dies‚ the responsibility of handling that account will fall on the surviving party. Betty can protect herself
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What persuasive approaches would you use on the following audiences (SELECT TWO): A peer‚ a challenging person‚ or an open-minded person? Why would your approach differ? Persuasive approaches are different depending on the relationship you have with your audience. For a challenging person I would have to use a presentation of facts. I would have to prove my point by using logos and supporting it with facts‚ studies‚ reports and credible resources that support the information presented
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ACC 290 Week 4 Discussion Questions and Responses www.paperscholar.com DIRECT LINK TO THIS STUDY GUIDE: http://www.paperscholar.com/acc-290-week-4-discussion-questions-and-responses/ Instantly Download! Get Better Grades in Less Time! 100% Satisfaction Guarantee DESCRIPTION FOR THIS STUDY GUIDE: All discussion questions and responses to other students are included for each week. Week 4: DQ 1: How would you calculate cost of goods sold? What items make up cost of goods sold? DQ 2:
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