Answer the following statement(s) true (T) or false (F)
An analysis of Walmart’s corporate social responsibility practices suggests that the firm’s stakeholders have very little influence in shaping corporate actions.
Ans: False
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Charlie Company had $1,800 of supplies on hand at January 1 . During the year, supplies with a cost of $4,000 were purchased. At December 31, the actual supplies on hand amount to $1,300 . After the adjustments are recorded and posted at December 31, determine the balances in the Supplies and Supplies Expense accounts. Supplies Supplies Expense
a. $1,800 $4,000 b. $1,300 $4,500 c. $5,300 $5,800 d. $1,300 $5,800
Robichau Inc. reported the following results from last year's operations: Sales$6,300,000Variable expenses 4,930,000Contribution margin 1,370,000Fixed expenses 803,000Net operating income$ 567,000Average operating assets$3,000,000At the beginning of this year, the company has a $900,000 investment opportunity with the following characteristics: Sales$1,530,000 Contribution margin ratio 30% of salesFixed expenses$306,000 The company's minimum required rate of return is 20%.The residual income for this year's investment opportunity when considered alone is closest to:
A. $153,000 B. ($27,000) C. $179,100 D. $0
Candy's Video includes the amount of sales taxes collected directly in the price charged for merchandise, and the total amount is credited to Sales. During January, Sales was credited for $310,117.50. The January 31 adjusting entry to account for a 5% state sales tax should be
A) Sales 14,767.50Sales Taxes Payable 14,767.50 B) Sales Tax Expense 14,767.50Sales Taxes Payable 14,767.50 C) Sales 15,505.88Sales Taxes Payable 15,505.88 D) Sales Tax Expense 15,505.88Sales Taxes Payable 15,505.88
The proliferation of high-speed connection services, also called _____, is mainly the result of businesses' and individuals' rush to the Internet.
A. baseband services B. static services C. broadband services D. bridge services