Reference Notes for Management
a) Assets increase, liabilities decrease
b) Liabilities decrease stockholders’ equity increases
c) Assets decrease: liabilities decrease
d) Assets increase; liabilities increase
a) Cash sales to customers that are new to the company.
b) Sales to customers using credit cards.
c) Sales to customers on account.
d) Sales with a high risk that the customer will return the product.
A) chart of accounts
B) income statement
C) balance sheet
D) journal
A) inventory management
B) receivable management
C) cash management
D) all of the above
A) Decision accounting
B) Standard costing
C) Budgetary control
D) Human Resources Accounting
Options
A) A, B and D
B) A, C and D
C) A, B and C
D) A, B , C, D
A. Indirect Labour
B. Indirect material
C. Indirect expenses
D. Direct expenses
A. Indirect Labour
B. Indirect Wages
C. Direct Wages
D. Debtors
A. Material
B. Labour
C. Expenses
D. Cost
A. Methods
B. Elements
C. Techniques
D. Process
A. Methods
B. Elements
C. Techniques
D. Process
a) Fuel
b) Insurance
c) Wear and tear fees
d) Maintenance
A) it involves higher ordering costs than the fixed quantity inventory system.
B) additional inventory records are required.
C) the average inventory level is decreased.
D) since there is no count of inventory during the review period, a stockout is possible.
E) orders usually are for larger quantities.