Patty and Paul are partners who share income in the ratio of 3:2 . Their capital balances are $90,000 and $130,000, respectively. Income Summary has a credit balance of $40,000 after the second closing entry. What is Paul's capital balance after closing Income Summary to the capital accounts?
a. $120,000
b. $146,000
c. $164,000
d. $160,000
b
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Which of the following statements about blue ocean thinking is true?
A) It involves designing creative business ventures to positively affect both a company's cost structure and its value proposition to consumers. B) In blue ocean thinking, industry boundaries are defined and accepted, and the competitive rules of the game are known. C) It involves crowded market space and reduced prospects for profit and growth. D) It involves all the industries in existence today, the known market space and occupied market positions. E) In blue ocean thinking, value to consumers comes from reintroducing factors the industry has previously offered.
Heavy focus on price reductions and discounts during a recession allows firms to improve long-term brand equity and price integrity
Indicate whether the statement is true or false
Which of the following would be most effective if you want a store to grant your request to return an item when this is against their company policy?
A) Use direct organization to compose your message. B) Get right to the point and refuse to do business with them if they do not comply. C) Consider it as a routine request that does not require persuasive techniques . D) Start spreading negative comments about the store and hope that they hear about it. E) Explain why the policy should be waived in your case.
If a Middle Eastern culture and the American culture differ as to the morality of a particular action, under ethical relativism:
a. both cultures are correct. b. the action should be assessed to determine whether the action produces more net pleasure compared with net pain. c. a cost-benefit analysis should be conducted to determine the relative economic efficiency of the action. d. the action should be viewed through a "veil of ignorance" to determine whether it is ethical.