Assuming actual volume is 10,000 units and planned volume is 12,000 units, the sales volume variance in units:
A. Equals 2,000 units unfavorable.
B. Equals 2,000 units favorable.
C. Cannot be determined without additional information.
D. None of these answers are correct.
Answer: A
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Many cities, states, and countries recognize that by using effective marketing strategies, they can increase vital tourism revenues and attract business investments needed for growth. This is an example of implementing ________
A) idea marketing B) social marketing C) cultural marketing D) place marketing E) services marketing
When a firm reacquires common shares under the Par Value Method for Repurchased Shares:
a. the Treasury Stock—Common account has a credit balance that reduces the amount of Marketable Securities reported on the balance sheet. b. the accountant debits the Treasury Stock—Common account for the par value of the repurchased shares, debits Additional Paid-In Capital for the difference between the original issue price of the shares and par value, and plugs Retained Earnings for any difference between the repurchase price. c. the accountant debits the Common Stock account for the par value of the repurchased shares, debits Additional Paid-In Capital for the difference between the original issue price of the shares and par value, and plugs Retained Earnings for any difference between the repurchase price. d. the Treasury Stock—Common account has a credit balance and therefore reduces total shareholders' equity. e. the accountant credits the Common Stock account for the par value of the repurchased shares, credits Additional Paid-In Capital for the difference between the original issue price of the shares and par value, and plugs Retained Earnings for any difference between the repurchase price.
Conference Hotel Changes You manage a large hotel that is used by organizations and businesses for meetings and conferences. A recent storm has damaged part of your hotel which means that you have fewer rooms available for meetings. You now have nearly
20 percent fewer guest rooms for conference participants and four less meeting rooms for smaller sessions. You estimate that room repairs will take nearly a month, but the Association of Intercultural Studies is scheduled to arrive for a three-day conference in two weeks and has booked all rooms. Now there are not enough rooms for the conference. Required: As manager of the hotel, write a letter to the meeting manager for the association. Tell the manager the bad news regarding the damage to the rooms and provide an alternative of using rooms at a nearby hotel.
Which of the following definitions describes an endorsee of a note?
A. a person who endorses a bill or note as a guarantor B. a person to whom a bill or note is to be paid C. a person who receives an endorsed note from an endorser D. a payee who has endorsed and delivered a note to an endorser