Comet Company prepares monthly income statements. A physical inventory is taken only at year-end; hence, month-end inventories must be estimated. All sales are made on account. The rate of markup on cost is 50 percent. The following information relates to the month of May: Accounts receivable, May 1 ............................ $20,000 Accounts receivable, May 31
30,000 Collection of accounts receivable during May .......... 50,000 Inventory, May 1 ...................................... 36,000 Purchases of inventory during May ..................... 32,000 The estimated cost of the May 31 inventory is
a. $24,000.
b. $28,000.
c. $38,000.
d. $44,000.
B
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At Boss Motorcar Company, workers are grouped into teams. Each team is responsible for assembling an entire automobile. Boss gives the teams freedom and flexibility to decide for themselves how to divide up the work. The company keeps the workers informed about how their cars are selling, and even shows them the comments customers make about quality and performance on customer satisfaction questionnaires. Boss Motorcar Company is using a strategy of:
A. job enrichment. B. holistic assembly. C. unitary motivation. D. supportive analysis.
For each employee middle initial is optional is an example of an implicit database constraint
Indicate whether the statement is true or false