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NEW QUESTION: 1
A manufacturing company has recently introduced a Total Quality Management (TQM) system. The company has invested heavily in the education and training of its staff, in addition to implementing new product design engineering. There is a plan to sample units from each batch of products manufactured to test for errors, although this has not yet been implemented due to budget constraints.
The company is experiencing high levels of customer complaints, with many faulty units being returned by the customer for refund or replacement. Sales revenue has fallen recently, mainly due to negative press coverage linked to dissatisfied customers.
Select the statement MOST likely to apply.
A. The high level of external failure costs is the result of a lack of expenditure on prevention costs.
B. The high level of external failure costs is the result of a lack of expenditure on appraisal costs.
C. The high level of internal failure costs is the result of a lack of expenditure on prevention costs.
D. The high level of internal failure costs is the result of a lack of expenditure on appraisal costs.
Answer: B
NEW QUESTION: 2
Match the network device with the correct User-ID technology.
Answer:
Explanation:
Explanation:
Microsoft Exchange - Server monitoring
Linux authentication - syslog monitoring
Windows Client - client probing
Citrix client - Terminal Services agent
NEW QUESTION: 3
An invoice for $100 has revenue deferred due to unmet payment based contingencies and the Invoice Accounting Used for Credit Memos profile option is set to Yes. A credit memo of $50 has been issued against this Invoice. Explain how revenue accounting will occur.
A. Earned revenue will be credited for $50.
B. Unearned revenue will be credited for $100.
C. Earned revenue will be debited for $50.
D. Unearned revenue will be debited for $50.
Answer: D
Explanation:
If you issue a credit memo against an invoice that had revenue automatically deferred upon import, then the impact of the credit memo differs depending on the original reason for the revenue deferral.
Payment-based contingencies: If revenue on this invoice was deferred due to unmet payment-based contingencies, then Receivables always debits the unearned revenue account for the full amount of the credit memo, according to the initially assigned revenue scheduling rules.
Reference: Modifying Invoices with Deferred Revenue: Explained
NEW QUESTION: 4
Extraordinary items are placed on the income statement:
A. after net income from continuing operations and net of tax.
B. within income from operations net of tax.
C. after net income from continuing operations and before taxes.
D. as a footnote to the statement as they are 1 time items and are not a part of the normal course of business for a corporation.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
Extraordinary items are always included net of tax after the net income from continuing operations. These items are unusual items for the company and occur infrequently.
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