Profitability measures such as the EBIT margin and ROIC focus on the ability of a firm to earn a sufficient operating profit with reasonable expenses
Indicate whether the statement is true or false
TRUE
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Mullis Company sold merchandise on account to a customer for $625, terms n/30. The journal entry to record the collection on account would be:
A. Debit Cash of $625 and credit Sales $625. B. Debit Accounts Receivable $625 and credit Sales $625. C. Debit Cash of $625 and credit Accounts Receivable $625. D. Debit Sales $625 and credit Accounts Receivable $625. E. Debit Accounts Receivable $625 and credit Cash $625.
It is widely accepted in the United States that men and women can have a work relationship which does not have a sexual component
Indicate whether the statement is true or false.
According to the ethical relativism school of thinking,
A. there can be no one-size-fits-all template (set of authentic ethical norms) against which to gauge the conduct of company personnel, due to cross-cultural differences in ethical standards. B. only respected religious experts can provide companies with a higher order moral compass. C. the best source of ethical standards in each country where the company operates is that country's adopted Code of Required Ethical Conduct. D. since there can be no one-size-fits-all set of authentic ethical norms, it is appropriate for each company to hold company personnel to observing the company's code of ethical conduct. E. a company should have a different set of ethical standards for each country in which it operates.
Kent Weston wrote a check for $500 payable to the order of Chester Jones. Chester indorsed the back of the check as follows: "Chester Jones." The check is now
a. order paper. b. bearer paper. c. a cashier's check. d. special paper.