Reference no: EM132308019
1. The primary reason for investigating an accident is to:
determine the cause of the accident.
prevent the recurrence of the accident.
make everyone more safety conscious.
determine if the injury should be reported to OSHA.
2. Why should the administrator secure information on budget needs from each department head?
It will teach supervisors to budget within their own departments.
Budget awareness ensures department heads will spend no more than budgeted.
The administrator can more easily hold supervisors' responsible for expenditures.
It provides more cooperation in the use of a budget if supervisors help determine the amounts designated in the budget.
3. The percentage of gross profit for a facility with a gross income of $460,000, fixed expenses of $200,000, and variable expenses of $210,000 is approximately:
4.6 percent.
9.2 percent.
10.0 percent.
18.9 percent.
4. Accelerated depreciation schedules compared to straight-line depreciation schedules:
are for a longer period of time.
do not consider any salvage time.
are limited according to the cost of the item to be depreciated.
depreciate higher percentages of the cost of the item during the first year.
5. The current ratio is calculated by dividing the current:
assets by total assets.
liabilities by total liabilities.
assets by current liabilities.
liabilities by current assets.