Income from operations for Division Z is $150,000, total service department charges are $400,000 and operating expenses are $2,266,000. What are the revenues for Division Z?
A) $550,000
B) $3,216,000
C) $2,816,000
D) $2,666,000
C
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Merchandise inventory at the end of the year was understated. Which of the following statements correctly states the effect of the error?
A) net income is understated B) net income is overstated C) cost of merchandise sold is understated D) merchandise inventory reported on the balance sheet is overstated
If Geico Insurance began selling t-shirts featuring its infamous gecko to try to capitalize on its brand name, this would be an example of
A. diversification. B. market penetration. C. positioning. D. market development. E. product development.
A starting point for choosing keywords to include on your job résumé is
A) the job description associated with the position. B) a modern dictionary of slang. C) words and phrases that are trending on social media Web sites at the time. D) current industry buzzwords.
Lonny’s founding company is composed of young men with whom he attended college. How would you describe the team?
a. homogeneous b. heterogeneous c. collegial d. standardized