Answer all the questions below
If you assume responsibility for a mature, high-achieving confident team, which of the following is generally the best approach to take: stamp your authority on the group; introduce some new ideas of your own; give them space and make yourself available if needed; or look for ways to cut costs?
What's the relevance of hobbies on a person's CV?
What can 'closed' questions be used for?
When planning the running order for a meeting is it generally best to put the big important items first or last or in the middle between smaller things?
When conducting appraisals or counselling sessions it's best to sit at your desk with the other person facing you on the other side, so as to reinforce your authority - true or false?
Experiential learning is most beneficial to people who have a visual, auditory, or kinesthetic learning style preference?
Which is likely to motivate an enthusiastic capable team member most: doubling their target, agreeing additional responsibility, a bonus payment, a new car?
What's a simple way to find out the causes if staff turnover (number of people leaving) has gone through the roof in the last two months?
A company has a turnover of 11m. Its 'cost of sales' or 'cost of goods sold' (COGS) is 3m. Its overheads including fixed costs, depreciation (write-down of capital items) and any interest charges (on borrowings) are 5m. What is the company's percentage gross profit and percentage net profit before tax, and is this profit % for a company very high, very low or somewhat typical?
Questions 25 thru 20 refer to Theresa Kearney Corporation whose Income Statement showed Net Income [for book purposes] Before Taxes of $20,000. The tax rate is 25%. [Consider each question as a stand-alone scenario] 25] 25] 27] 29] If Depreciation Expense for tax purposes is $4,000 higher than what was used for book purposes, the entry to record taxes is : A] Income Tax Expense...4,000 Income Tax Payable......4,000 B] Income Tax Expense ..... 4,000 Deferred Tax Asset.......1,000 Income Tax Payable ...... 5,000 C] Di Income Tax Expense ..... 5,000 Income Tax Payable.........5,000 Income Tax Expense ..... 5,000 Deferred Tax Liability.......1,000 Income Tax Payable.........4,000 If book Revenues [correctly] excluded $4,000 of cash collected related to ng year, the entry to record taxes is: Revenue that will be earned in a followi A] Income Tax Expense...5,000 Income Tax Payable......5,000 0] Income Tax Expense ..... 5,000 Income Tax Payable.........6,000 B] Income Tax Expense ..... 5,000 Deferred Tax Asset.......1,000 Income Tax Payable ...... B, 000 Di Income Tax Expense ..... 5,000 Deferred Tax Liability.......2,000 Income Tax Payable.........4,000 If book Revenues included 84,000 that will not be taxable until a following year, the entry to record taxes is: A] Income Tax Expense...4,000 Income Tax Payable ..... 4,000 0] Income Tax Expense ..... 5,000 Income Tax Payable.........5,000 B] Income Tax Expense....4,000 Deferred Tax Asset......1,000 Income Tax Payable ...... 5,000 D] Income Tax Expense ..... 5,000 Deferred Tax Liability.......1,000 Income Tax Payable.........4,000 If the Expenses include 54,000 of items that are permanently deductible for tax purposes, the entry to record taxes Is : A] Income Tax Expense...4,000 0] Income Tax Expense ..... 5,000 Income Tax Payable ..... 4,000 Income Tax Payable.........5,000 B] Income Tax Expense....4,000 D] Income Tax Expense ..... 5,000 Deferred Tax Asset......1,000 Income Tax Payable ...... 5,000 Deferred Tax Liability ..... 1,000 Income Tax Payable.........4,000 Mearcat Corporation earned income before tax of $160,000. Taxable income was $140,000, and the income tax rate was 40%. The journal entry to record Mearcat's income tax expense and income tax liability was: O A. Income Tax Expense 64,000 Income Tax Payable 64,000 O B. Income Tax Expense 56,000 Income Tax Payable 56,000 O c. Income Tax Expense 64,000 Income Tax Payable 56,000 Deferred Tax Liability 8,000 O D. Income Tax Payable 64,000 Income Tax Expense 56,000 Deferred Tax Liability 8,000Question 25 (1 point) Listen Cole Contracting agreed to build an outbuilding for Diego in exchange for $100,000. The outbuilding was to be built during May and June and Diego was to pay by July 15. The construction was completed on schedule. Because they were were experiencing some financial difficulties, Cole Contracting had verbally assigned their contractual rights to Putong Lumber Supply in late May. Cole Contracting had provided a letter to Diego to let him know about the arrangement. Diego, unhappy about the quality of the construction, refused to pay and took Cole Contracting to court. Which of the following statements is true? ()a) This is an example of statutory assignment of rights. If Putong Lumber wants to enforce their rights they can sue Diego without involving Cole Contracting. () b) This is an example of equitable assignment of rights. If Putong Lumber wants to enforce their rights they'll have to sue both Diego and Cole Contracting. ()d) This is an example of equitable assignment of rights. If Putong Lumber wants to enforce their rights they can sue Diego without involving Cole Contracting. ()d) This is an example of statutory assignment of rights. If Putong Lumber wants to enforce their rights they'll have to sue both Diego and Cole Contracting. Question 26 (1 point) Listen An owner specified a certain roofing material for its project after being persuaded by its manufacturer that it was "the best material to use for this situation". A subcontractor on the project installed this roofing material carefully in accordance with the manufacturer's instructions. There was no roofing guarantee in the contract with the general contractor. The roof leaked two years after the work was done because of the inferior quality of the roofing material. Against whom should the owner claim? (a) the product salesman b) the product manufacturer O c) the subcontractor O d) the general contractorQuestion 35 (1 point) What do we know about regulation of a firm in a monopolistically competitive market? It usually implies a very small administrative burden. It will lower the firm's costs. It is commonly used to enhance market efficiency. It is unlikely to improve market efficiency. Question 36 (1 point) What type of externalities accompany the entry of new firms into a monopolistically competitive market? the product-variety externality as a positive externality and the business-stealing externality as a negative externality the product-variety externality as a negative externality and the business-stealing externality as a positive externality the business-variety externality as a positive externality and the product-stealing externality as a negative externality O the business-variety externality as a negative externality and the product-stealing externality as a positive externalityD Question 9 2 pts Many economists believe that O the corporate income tax satisfies the goal of horizontal equity. O the corporate income tax does not distort the incentives of customers. O the corporate income tax is more efficient than the personal income tax. O workers and customers bear much of the burden of the corporate income tax. Previous Next
