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NEW QUESTION 20
A company has the following accounts included in its trial balance as of December 31
What amount of equity will be reported on me company's balance sheet as of December 31?
- A. $92,500.
- B. $626,500
- C. $599,000.
- D. $657,500
Answer: A
NEW QUESTION 21
What is the best type of accounting system control to help prevent improper manipulation of data and to ensure the continued, satisfactory use of the hardware and software?
- A. input controls such as a limit check
- B. Processing controls such as limiting access
- C. Output controls such as a maximum check
- D. Throughput controls such as a hash total
Answer: A
NEW QUESTION 22
Harris Company sells two products with the following characteristics.
Harris Company's total sales-mix variance for the year is
- A. $725,000 Favorable
- B. $375,000 Unfavorable
- C. $300,000 Unfavorable
- D. $350,000 unfavorable
Answer: B
NEW QUESTION 23
Which one of the following statements describes now Section 302 of the Sarbanes-Oxley Act impacts a company's Internal control environment?
- A. Greater external scrutiny results because a new auditor must be appointed annually
- B. The auditor is more independent because non-audit services are prohibited
- C. Executives are more supportive since they certify their responsibility for the system
- D. The board s financial expertise improves because a financial expert is appointed
Answer: C
NEW QUESTION 24
A plastics manufacturing company is analyzing business units using the BCG Growth-Share Matrix Business Unit A is a market leader with high market share in the plastic container market Unit A's growth in the past three years has been limited due to high regulation and decreasing customer demand Customer satisfaction tor the unit is high Business Unit B is a relatively new business unit which entered the market two years ago with a new, innovative plastic organizer Unit B holds just 5% of the market share but growth has been high for this new product line Throughput time for this unit is lower than the company average with a high number of reworks each month. Which one of the following correctly identifies the BCG Growth-Share matrix for Business Unit A and Business Unit B. respectively?
- A. Star cash cow
- B. Question mark, question mark-
- C. Star dog
- D. Cash cow, question mark
Answer: A
NEW QUESTION 25
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