Select the properly punctuated sentence
A) We feel, however, that employees should take their vacation time each year.
B) We feel however, that employees should take their vacation time each year.
C) We feel, however that employees should take their vacation time each year.
A
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The ________ is a working paper used by accountants to record the necessary adjustments and provide up-to-date account balances needed to prepare the financial statements
a. trial balance b. None of the answers listed c. work sheet d. journal
"Claims to economic resources" are known as
a. Assets and liabilities b. Liabilities and stockholders' equity c. Owners' equity and stockholders' equity d. Retained earnings and revenues
Which of the following statements is true regarding organizational structure and ethics?
A. A decentralized structure is more likely to inspire unethical behavior. B. A command and control structure is less likely to inspire unethical behavior. C. A command and control structure is more likely to inspire unethical behavior. D. There is no relationship between organizational structure and unethical behavior.
The following income statements are provided for two companies operating in the same industry: FelixCompanyJinxCompanyRevenue $200,000 $200,000 Variable costs (25,000) (70,000) Contribution margin 175,000 130,000 Fixed costs (70,000) (25,000) Net income $105,000 $105,000 Assuming sales increase by $1,000, select the correct statement from the following:
A. Only Felix will experience an increase in profit. B. Felix's net income will be more than Jinx's. C. Felix's net income will increase by $250. D. Jinx's net income will increase by 6%.