Which departmentalization organizes work units based on the goods and services a company offers?

A) Product
B) Geographical
C) Functional
D) Process

The pay ration reporting policy, as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, requires that companies report the ratio of their average worker's pay to that of

A) other workers in the same industry.
B) minimum wage.
C) their competitor's average pay.
D) exempt employees.
E) the CEO.

On December 31 of the current year,the unadjusted trial balance of a company using the percent of receivables method to estimate bad debt included the following: Accounts Receivable,debit balance of $95,250; Allowance for Doubtful Accounts,credit balance of $921.What amount should be debited to Bad Debts Expense,assuming 6% of outstanding accounts receivable at the end of the current year are estimated to be uncollectible?

A) $5,715.
B) $6,636.
C) $4,794.
D) $5,770.
E) $5,660.

Bountiful Company had sales of $650,000 and cost of merchandise sold of $200,000 during the year. The total assets balance at the beginning of the year was $175,000 and at the end of the year was $167,000. Calculate the ratio of sales to total assets.

A) 3.00
B) 3.80
C) 0.29
D) 0.26

Under a periodic inventory system the acquisition of inventory is charged to the Purchases account.

A monopolistically competitive firm that is incurring a loss will shut down if

A) marginal revenue is less than marginal cost.
B) revenues are less than variable costs.
C) price is less than average total cost.
D) price is less than marginal cost.