Which of the following would NOT be considered a requirement in IDEO’s brainstorming?
a. Stay focused on the topic.
b. Encourage wild ideas.
c. Hold back judgement.
d. Eliminate ideas that would not work.
d. Eliminate ideas that would not work.
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Which of the following is a result of high inventory turnover?
A. Higher risk of product obsolescence B. A decrease in the cost of goods sold C. Improved employee morale D. A decrease in profits E. An increase in promotions and markdowns
Which of the following transactions affects total retained earnings?
A) Purchase of treasury stock B) Payment of previously declared cash dividend C) Declaration of a stock dividend D) Declaration of a stock split
Tubaugh Corporation has two major business segments-East and West. In December, the East business segment had sales revenues of $690,000, variable expenses of $352,000, and traceable fixed expenses of $104,000. During the same month, the West business segment had sales revenues of $140,000, variable expenses of $56,000, and traceable fixed expenses of $24,000. The common fixed expenses totaled $162,000 and were allocated as follows: $89,000 to the East business segment and $73,000 to the West business segment.The contribution margin of the West business segment is:
A. $84,000 B. $145,000 C. $422,000 D. $234,000
Shue, a partner in the Financial Brokers Partnership, has a 30 percent share in partnership profits and losses. Shue's capital account had a net decrease of $100,000 during 20X8. During 20X8, Shue withdrew $240,000 as withdrawals and contributed equipment valued at $50,000 to the partnership. What was the net income of the Financial Brokers Partnership for 20X8?
A. $633,334 B. $300,000 C. $466,666 D. $190,000