If you are self-employed or work for a small business which of the following retirement plans would you be most likely to have?
A) 403(b)
B) 401(k)
C) Thrift and savings plan
D) Keogh plan
E) None of the above
Answer: D
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The ending inventory of a company was $450,000 as per the perpetual inventory records. The current replacement cost for the ending inventory is $410,000. Prepare the journal entry to adjust inventory. Omit explanation.
What will be an ideal response?
A manager is attempting to determine whether a segment of the business should be eliminated. The focus of attention for this decision should be on
a. the net income shown on the segment's income statement. b. sales minus total expenses of the segment. c. sales minus total direct expenses of the segment. d. sales minus total variable expenses and avoidable fixed expenses of the segment.
______ is the situation where an organization earns above market returns.
a. Market returnability b. Economic rent c. Financial capacity d. Market dominance
One of the senior partners in the firm says that he has a niece he thinks would be a good fit for an internship with the firm this summer
The partner, Ronald, says that his niece, Charlotte, is a kid with great potential as a lawyer. However, Ronald believes that a human resource professional such as Bruce should also interview her to help determine his suitability for the firm. As part of the screening, Bruce conducts an Internet search and finds out that a few years ago, Charlotte ran a red light and severely injured a bicycle rider. How should Bruce deal with this situation? A) Go through the motions of interviewing Charlotte, and then report back to Ronald that she appears to have a "teenage brain," but provide no specific explanation. B) Advise Ronald of the Internet search findings, and ask if Charlotte should still be interviewed for the summer internship. C) Not advise Ronald about the findings for fear of irritating and perhaps getting in bad with him. D) Discuss his findings about the vehicular accident with several other people in the office, and ask their opinion on how he should proceed.