________ is/are composed of all relevant forces outside a firm's boundaries, such as competitors, customers, the government, and the economy.
A. Open systems
B. The barriers to entry domain selection
C. Relative constraints
D. Conditions of certainty
E. The external environment
Answer: E
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Which of the following best describes the term "retained earnings"?
a. The amount of total profits earned by a business since it began operations. b. The amount of interest or claim that the owners have on the assets of the business. c. The future economic resources of a business entity. d. The cumulative profits earned by the business less any dividends distributed.
Washburn Corporation produces flat-screen computer monitors. Consider the following selected costs that arose during the current year: 1. Direct materials used: $3,640,0002. Plant rent, utilities, and taxes: $1,229,0003. New technology design engineering: $2,040,0004. Materials receiving: $318,0005. Manufacturing-run/set-up charges: $115,0006. Equipment depreciation: $92,0007. General management salaries: $1,564,000Required: A. Briefly distinguish between batch-level and facility-level activities.B. Determine the cost of the firm's unit-level, batch-level, product-sustaining, and facility-level activities.
What will be an ideal response?
Identify at least six situations in which the parol evidence rule does not apply
A lease is a contractual agreement between a lessor and a lessee that grants the lessee the right to use the asset for a period of time in return for cash payment(s) to the lessor.
Answer the following statement true (T) or false (F)