Recent Question

Which of the following are managed by facilities management 1.Which one of the following is NOT an objective of problem management? A. Minimizing the impact of incidents that cannot be prevented B. Preventing problems and resulting incidents from happening C. Eliminating recurring incidents D. Restoring normal service operation as quickly as possible 2.Which process is involved in monitoring an IT service and detecting when the perf ...

Other / Other 26 Mar 2016

What should a service always deliver to customers 1.Which one of the following is the BEST description of a service level agreement (SLA)? A. The part of a contract that specifies the responsibilities of each party B. An agreement between the service provider and an internal organization C. An agreement between a service provider and an external supplier D. An agreement between the service provider and their customer 2.Which one of ...

Other / Other 26 Mar 2016

Depreciation on office equipment 1. Required: Indicate the section of a multiple-step income statement in which each of the following items would usually appear for a manufacturing company. a. fire loss, net of tax b. depreciation on office equipment c. interest income d. sales commissions e. cost of goods manufactured f. dividend income g. advertising expense h. interest expense i. factory workers' salaries Economics A ...

Other / Other 26 Mar 2016

Batavia Furniture Company for the year ended Information related to Batavia Furniture Company for the year ended December 31, 2010, follows. Cost of Goods Sold $ 70,000 Dividends Declared 5,000 Flood Loss (pre-tax) 12,000 General Expense 8,000 Other Income 9,000 Other Expense 11,000 Retained Earnings, January 1, 2010 116,000 Sales 131,000 Selling Expense 7,000 Required: Prepare in good form a multiple-step income statement f ...

Other / Other 26 Mar 2016

The legality of distributions to stockholders is governed by federal law TRUE/FALSE 1. With a stock dividend, total market value considering all outstanding shares should decline. 2. A stock split merely increases the number of shares of stock; it usually does not change retained earnings or paid-in capital. 3. The legality of distributions to stockholders is governed by federal law. 4. Accountants have not a ...

Other / Other 26 Mar 2016

The income statement is frequently considered to be the least important financial statement TRUE/FALSE 1. In practice, the income statement is frequently considered to be the least important financial statement. 2. Gross profit will be a prominent figure on a single-step income statement. 3. An income statement is a summary of revenues and expenses and gains and losses, ending with net income for a particular period of ...

Other / Other 26 Mar 2016

Extraordinary items are always presented gross of applicable income taxes TRUE/FALSE 1. The term primary analysis is used to describe consistent and conservative analysis. 2. Equity earnings can distort the reported results of a business’s operations. 3. Ideally, income from continuing operations would be the better income figure to use to project the future from the analysis of historical statements. 4. In an ...

Other / Other 26 Mar 2016

Prepare a multiple-step income statement for the year ended December 31 Oregm Imports engages in the retail sale of household products and clothing. During 2010, the company disposed of the clothing segment. Oregm Imports had 150,000 shares of stock outstanding all year. The results of operations for 2010 follow. Household Products Clothing Net sales $15,000,000 $3,900,000 Cost of goods sold 11,400,000 3,500,000 Operating expe ...

Other / Other 26 Mar 2016

Compute the net earnings after removing nonrecurring items The income statement of Jones Company for the year ended December 31, 2010, shows: Sales $1,800,000 Cost of goods sold 1,200,000 Gross profit $ 600,000 Operating expenses (200,000) Equity earnings of nonconsolidated subsidiaries 30,000 Operating income before income taxes $ 430,000 Taxes related to operations (130,000) Net income from operations before c ...

Other / Other 26 Mar 2016

Find the ending balance in Retained Earnings as of December 31 Information for Scandinavian Products at the end of Year 4 follows. Current Assets $900,000 Current Liabilities 400,000 Fixed Assets, Net 600,000 Investments 100,000 Long-Term Debt 500,000 Dividends Declared on Common Stock during the Year 50,000 Income Summary (income) 225,000 Retained Earnings, January 1, Year 4 ? Common Stock 150,000 Premium on Common Stock 250,0 ...

Other / Other 26 Mar 2016