Universal, Inc. purchased 500 units of inventory at $25 per unit by payment of cash. Provide the journal entry to record the purchase of inventory. (Assume a perpetual inventory system.)
What will be an ideal response
Merchandise Inventory 12,500
Cash 12,500
Note:
Purchases = 500 units x $25 per unit = $12,500
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Duncan Ltd. has the following information available for one its divisions in the current year: Sales revenue $3,000,000 Operating expenses 1,750,000 Average operating assets 4,000,000 Duncan requires each of its divisions to generate a minimum return of 20%. What is this division's residual income?
A) $200,000 B) $450,000 C) $700,000 D) $1,250,000
The pronouns "who" and "that" are called relative pronouns because they relate to other words, called antecedents
Indicate whether the statement is true or false
Employees like Tanika and ____ should be allowed to work overtime
A) she B) herself C) her
Which of following is FALSE about sales carbon operations planning (SCOP)?
a. It incorporates sustainability into sales and operations planning. b. It deals with the management and reduction of economic and environmental impact of green gas emissions. c. It expands the size and complexity of the current sales and operations planning process. d. It forces the company to broaden the view of processes to change the focus to the triple bottom line (economic, social, and environment) of sustaining a business.