When government-owned companies compete with private companies, the private companies have the advantage.
Answer the following statement true (T) or false (F)
False
Actually, government-owned companies may have several advantages: they do not have to make profits, so can cut prices to gain market share; they have access to cheaper financing; they get government contracts; the get export assistance; they can hold down wages with government assistance.
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Presented below are selected data from the financial statements of Wizard Corp 2017 2016 Net income $150,000 $120,000 Cash dividends paid on preferred stock $15,000 $15,000 Cash dividends paid on common stock $42,000 $38,000 Weighted average number of preferred shares outstanding 20,000 20,000 Weighted average number of common shares outstanding 105,000 95,000 Earnings per share is reported on
the 2017 income statement as a. $1.08 b. $1.20 c. $1.29 d. $1.43
Which of the following is not a cost that is accumulated in Work in Process?
a. Direct materials b. Administrative expense c. Direct labor d. Factory overhead
Which of the following statements is true about accession?
A. Under accession, the owner of the original property generally doesn't become the owner of the improvements. B. Accession is the intermixing of goods belonging to different owners in such a way that the goods cannot later be separated. C. Even if a person improves personal property without the consent of its owner, he has to be reimbursed by the owner. D. A person who mistakenly improves property in good faith assuming that he is its owner is usually entitled to recover the cost of the improvement.
A group of employees have reached the “dream” stage of the appreciative inquiry process. Which of the following questions might best be asked at this stage?
a. What would the organization be like with record profits? b. How can we make the lives of employees better? c. How can we eliminate the problem employees that are dragging down our sales department? d. How might creating a new office of customer relations improve our client base?