The board of directors of Lark Corporation declared a cash dividend of $3.50 per share on 57,000 shares of common stock on June 14, 20x5. The dividend is to be paid on July 15, 20x5, to shareholders of record on July 1, 20x5. The proper entry to be recorded on July 15, 20x5 is,
A) Cash 199,500 Dividends Payable 199,500
B) Dividends Payable 199,500 Cash 199,500
C) Cash 199,500 Dividends 199,500
D) Dividends 199,500 Cash 199,500
B
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Moonbeam Gift Shop's inventory turned over six times during the year. Similar gift shops have an inventory turnover equal to twelve times per year. What explains Moonbeam's state of inventory management?
a. Moonbeam sold too much inventory during the year. b. Moonbeam needs to increase sales and decrease the amount of inventory on hand. c. Moonbeam is performing twice as well as its competitors. d. Moonbeam should increase the amount of goods on hand to accommodate the additional inventory demand.
A defendant in a criminal case can hire his or her own attorney, but if the defendant cannot afford an attorney, ________
A. the defendant must defend himself at trial. B. the case will be dismissed. C. the trial judge will assign a bailiff to assist the defendant. D. the government will provide an attorney to represent the defendant free of charge.
Benchmark firms have driven down costs of supply-chain performance
Indicate whether the statement is true or false
Which of the following statements is true of the National Advertising Division (NAD)?
A. The NAD's advertising monitoring program only reviews complaints from local Better Business Bureaus. B. Lawyers at the NAD usually seek help from local advertising agencies to find misleading advertisements. C. The NAD does not deal with complaints that come from marketers who are threatened by comparative advertising. D. The NAD has no authority to direct an advertiser to stop running an ad in case the required substantiating evidence does not support the advertiser's claim. E. Advertisers that disagree with the NAD's findings have an automatic right to appeal the NAD's decision to the National Advertising Review Board.