Which of the following would constitute the crime embezzlement?
A) A receptionist who works in a bank lobby distracts a teller and takes money from the
teller without the teller's knowledge
B) A self-serve gasoline customer drives away without paying for the gas
C) The cashier at a grocery store takes money from his own cash register
D) A roofing contractor takes a lawnmower from a homeowner while doing a job for the
homeowner
E) An electrician working in a client's home takes $100 from the homeowner's desk drawer
C
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Leah Co reported $7,000 of net income for 2016. The following errors were then discovered: · Ending 2015 accrued expense was understated by $800. · Ending 2016 unearned revenue was overstated by $75. · Ending 2015 unearned revenue was overstated by $380. Ignoring income taxes, what is the correct amount of 2016 net income?
A) $6,505 B) $5,895 C) $7,495 D) $6,655
Which of the following is not a risk associated with a global strategy?
A. The pressures for local adaptation may elevate the cost structure of the firm. B. A firm with only one manufacturing location must export its product, sometimes at great distance from the operation. C. The geographic concentration of any activity may also tend to isolate that activity from the targeted markets. D. Concentrating an activity in a single location makes the rest of the firm dependent on that location.
A $1,00 . bond, with interest at 10% on March 1 and September 1, was purchased on February 13 . Compute the dollar amount of accrued interest that will be paid to the seller. (Assume a 360-day year.)
In economic conditions characterized by a scarcity of short-term funds, a firm would best choose the ________ financing strategy.
A) aggressive B) conservative C) permanent D) seasonal