Question
To determine a pieceworkers regular hourly rate for one week: Question 22 options: divide the total weekly earnings from piece rates and all other sources
To determine a pieceworkers regular hourly rate for one week:
Question 22 options:
divide the total weekly earnings from piece rates and all other sources by the hours worked in the week. | |
divide the total weekly earnings from piece rates by the number of pieces produced. | |
divide the total weekly earnings from piece rates, less earnings from other sources, by the hours worked in a week. | |
add the total weekly earnings from piece rates and all other sources and divide by the total number of pieces produced. | |
do none of the above. |
In vertical analysis:
Question 23 options:
financial statements are expressed only in percentages | |
changes in a company's operating results and financial position over time are expressed in percentages as well as dollars | |
net income is usually expressed as 100% and all other components of the income statement are expressed accordingly | |
monetary relationships between items on one period's financial statements are expressed in percentages as well as dollars |
Under current GAAP, most resources of a business entity are to be valued in its financial statements at:
Question 24 options:
a value that is most relevant to the needs of users of the financial statements | |
historical cost | |
the current cost of replacing the resource | |
current appraisal values |
Those tasks that employees must perform and which include any work of consequence performed for the employer are known as:
Question 25 options:
preliminary activities. | |
postliminary activities. | |
work activities. | |
principal activities. |
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