Answers

JM

Answered

The bona fide occupational qualification (BFOQ) defense does not apply to which of the following types of discrimination?

A) Race and color
B) Sex and religion
C) Sex and national origin
D) Race and religion
E) Race and sex

On Jul 07, 2024


A
JM

Answered

A skills inventory is an individualized personnel record held on each employee except those currently in management or professional positions.

On Jul 06, 2024


True
JM

Answered

Market shares in excess of ________ have historically justified an inference of monopoly power.

A) 70 percent
B) 60 percent
C) 90 percent
D) 80 percent

On Jun 07, 2024


A
JM

Answered

​Which firm in an industry is likely to have higher profits?

A) ​Sellers with higher costs than their competitors
B) Sellers with lower costs than their competitors
C) Sellers with the same costs as their competitors
D) ​All of the above

On Jun 06, 2024


B
JM

Answered

The unadjusted and adjusted trial balances for Ellen's Coiffures is shown below. Assume that all balances in the unadjusted trial balance column and the amounts of the adjustments are correct. Further assume that $400 of insurance expired during the year. Locate the errors in the accountant's adjusting entries, assuming that none of the accounts was affected by more than one adjusting entry.​ The unadjusted and adjusted trial balances for Ellen's Coiffures is shown below. Assume that all balances in the unadjusted trial balance column and the amounts of the adjustments are correct. Further assume that $400 of insurance expired during the year. Locate the errors in the accountant's adjusting entries, assuming that none of the accounts was affected by more than one adjusting entry.​

On May 08, 2024


Error 1: Salon Supplies should have been credited for $600.Error 2: Salon Equipment should not have been adjusted; the adjustment should have been a $4,000 credit to Accumulated Depreciation-Salon Equipment.Error 3: No change should have been made to Accounts Payable; its adjusted trial balance column should be $1,250.Error 4: Wages Expense should have been debited for $600 to complete the accrual adjustment for accrued wages.The changes result in an adjusted trial balance debit and credit of $92,035.
JM

Answered

The inventory turnover ratio is significantly affected by the choice of inventory accounting method.

On May 07, 2024


True