Which of the following statements best describes the effects of recognizing revenue earned by a business entity?
A) Assets increase only when cash sales are collected.
B) Stockholders' equity increases only when credit sales are made.
C) Assets and stockholders' equity increase when either cash or credit sales are made.
D) Assets increase and stockholders' equity decreases when either cash or credit sales are made.
C
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NYNEX must schedule round-the-clock coverage for its telephone operators. To keep the number of different shifts down to a manageable level, it has only four different shifts
Operators work eight-hour shifts and can begin work at either midnight, 8 a.m., noon, or 4 p.m. Operators are needed according to the following demand pattern, given in four-hour time blocks. Time Period Operators Needed midnight to 4 a.m. 4 4 a.m. to 8 a.m. 6 8 a.m. to noon 90 Noon to 4 p.m. 85 4 p.m. to 8 p.m. 55 8 p.m. to midnight 20 Formulate this scheduling decision as a linear programming problem, defining fully your decision variables and then giving the objective function and constraints.
The most vital control in preventing unauthorized changes to the payroll master file is
A) segregation of duties between the preparation of paychecks and their review. B) segregation of duties between the preparation of paychecks and their distribution. C) segregation of duties between the authorization of changes and the physical handling of paychecks. D) having the controller closely review and then approve any changes to the master file.