Which of the following companies is most likely to have a competitive advantage in its market?
A) Porthis Inc., a sports good manufacturer that treats the market as a single segment
B) Singletone Corp., a stationery manufacturer that reduces mass customization
C) Huran Co., a clothing manufacturer that focuses on the organization's capability rather than customers' needs or wants
D) Greyon Inc., a computer manufacturer that builds and leverage operational capabilities to support desired priorities
D
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Sabas Company has 20,000 shares of $100 par, 2% cumulative preferred stock and 100,000 shares of $50 par common stock. The following amounts were distributed as dividends: Year 1: $10,000 Year 2: 45,000 Year 3: 90,000 Determine the dividends per share for preferred and common stock for the third year
a. $4.50 and $0.25 b. $3.25 and $0.25 c. $4.50 and $0.90 d. $2.00 and $0.25
A merchandiser's inventory consists of raw materials, work in process, and finished goods
Indicate whether the statement is true or false
On December 3, the XFL Company paid $1,400 cash in salaries to employees. Prepare the general journal entry to record this transaction.
What will be an ideal response?
Evaluate each inventory error separately and determine whether it overstates or understates cost of goods sold and net income.Inventory error:Cost of goods sold is:Net income is:Understatement of beginning inventory________________Understatement of ending inventory________________Overstatement of beginning inventory________________Overstatement of ending inventory________________
What will be an ideal response?