A retail store has beginning inventory of $30,000, purchases of $220,000, sales of $200,000, and a normal gross margin of 25 percent. What is estimated inventory based on these facts and the gross profit method?
A) $50,000
B) $150,000
C) $100,000
D) $200,000
C
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Answer the following statements true (T) or false (F)
1. The sun was shining directly into Matt's eyes, so he looked away and missed the coach's demonstration of a defensive technique. In this case, the sun acts as feedback in the communication process. 2. Face-to-face communication is the richest form of communication because the receiver observes multiple cues in the message. 3. If you must tell an employee that he is facing a sexual harassment investigation, you should use a rich medium of communication. 4. The danger of using a lean medium for nonroutine matters is that it results in information oversimplification; it doesn't provide enough of the information the receiver needs and wants.
Choudhury Corporation is considering the following three investment projects (Ignore income taxes.): Project HProject IProject JInvestment required$11,000 $53,000 $89,000 Present value of cash inflows$12,980 $61,480 $96,120 The only cash outflows are the initial investments in the projects.Required:Rank the investment projects using the project profitability index.
What will be an ideal response?
Which of the following does not tend to be a problem with the labor relations system in China?
A. Workers lack a true freedom of association because the ACFTU is the only legally approved union organization B. The ACFTU has not pushed for stronger labor legislation and labor reform at either the national or local levels C. The ACFTU is closely intertwined with the Communist Party and therefore not independent of the political system D. Enforcement of labor laws is not a given; rather, it is dependent upon complex dynamics between local union officials, managers, and local government officials
One of the factors leading courts away from a laissez-faire approach to contract law was
a. the movement away from requiring written contracts with a seal affixed. b. a change in relative bargaining power between parties to contracts. c. the assumption that promises are not legally significant. d. the assumption that parties had freedom to contract and would have to live with the consequences.