On a common-size income statement, all items are stated as a percent of total assets or equities at year-end
Indicate whether the statement is true or false
False
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Selected data from the accounting records of Webb Company are listed below: General & administrative expenses $2,200 Operating revenues $6,000 Selling expenses 1,800 Income taxes 600 Other revenues (expenses) 800 Dividends paid 1,200 Read the information about Webb Company. What is Webb's net income?
a. $ 1,600 b. $ 2,000 c. $ 2,200 d. $ 2,800
Which of the following conclusions about the issue of fairness is not a true statement?
A. Involvement in the process of helping to shape a negotiation strategy decreases commitment to that strategy and willingness to pursue it. B. Negotiators (buyers in a market transaction) who are encouraged ("primed") to think about fairness are more cooperative in distributive negotiations. C. Establishment of some "objective standard" of fairness has a positive impact on the negotiations and satisfaction with the outcome. D. Parties who are made offers they perceive as unfair may reject them out of hand, even though the amount offered may be better than the alternative settlement, which is to receive nothing at all.
The armed forces and many government agencies typically use which one of the following to designate the public relations function?
A. Issues management D. Press agentry B. Public affairs E. Social marketing C. Propaganda
Which of the following would likely cause a change in market opportunities based upon levels of income and wealth?
A) economic change B) sociological and demographic change C) technological change D) political change E) legal change