Demographics characteristics that describe a population include all of the following EXCEPT:
A. age.
B. zip code.
C. occupation.
D. income.
E. ethnicity.
Answer: B
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Mary runs an ad in the paper offering a $5 reward for the return of her lost dog, Sparky. Mary has made a promise to pay the person who performs the act of returning Sparky. This is a(n) ________ contract.
A. implied B. unilateral C. quasi D. bilateral
Division Alpha can purchase a required part from an outside supplier for $35. Division Beta is willing to supply the part at a transfer price of $36.50, which is its incremental costs. Division Alpha's manager should
A) pay the $38.50 price to Division Beta. B) tell his immediate supervisor that Division Beta is being unreasonable. C) negotiate an appropriate transfer price with the manager of Division Beta. D) buy from the outside supplier.
Adventures Unlimited Company distributes cash dividends. How does this transaction affect the accounting equation?
A. The assets decrease and equity increases B. The assets, liabilities, and equity remain the same C. The assets increase and liabilities decrease D. The assets decrease and equity decreases
In order for the break-even computation to be meaningful to management, sales mix should be computed using the
A) expected mix B) most desirable mix C) least desirable mix D) traditional mix E) average mix over the past 5 years