Orange growers in Florida have lost millions of dollars due to hurricanes. As a result, some growers have decided to bulldoze their orange groves and put in freshwater lakes for raising shrimp, a product that has a strong popularity and is more weather-resistant. Former orange growers who are now raising shrimp are pursuing a _____ strategy.
A. market penetration
B. product development
C. diversification
D. market development
E. product penetration
Answer: C
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Bargain Inc's beginning inventory is $20,000 and purchases for the year are $80,000 . A physical inventory shows that $15,000 of the inventory remains at year end. How much is recorded as cost of goods sold for the year?
a. $75,000 b. $80,000 c. $85,000 d. $95,000 e. $105,000
Which of the following is not a disadvantage associated with the use of TIGER maps?
a. Its Web site can be cumbersome to use. b. Service on the TIGER site may be slow. c. The maps cannot be tailored to reflect physical attributes of U.S. areas. d. The maps do not include retail facilities, other commercial entities, population characteristics, and so on.
If employees set up their company's e-mail on their smartphones, they have given their employer the right to remotely delete all personal data on that mobile device
Indicate whether the statement is true or false
Marks Corporation has two operating departments, Drilling and Grinding, and an office. The three categories of office expenses are allocated to the two departments using different allocation bases. The following information is available for the current period: Office ExpensesTotal Allocation BasisSalaries$30,000 Number of employeesDepreciation 20,000 Cost of goods soldAdvertising 40,000 Net sales ItemDrilling Grinding TotalNumber of employees 1,000 1,500 2,500 Net sales$325,000 $475,000 $800,000 Cost of goods sold$75,000 $125,000 $200,000 The amount of the total office expenses that should be allocated to Grinding for the current period is:
A. $54,250. B. $45,000. C. $35,750. D. $600,000. E. $90,000.