The Pareto principle is best applied to which of the following inventory systems?
A. EOQ
B. Fixed-time-period
C. Single-period ordering system
D. Fixed-order quantity
E. ABC classification
Answer: E
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During its first three years of operations a company reported pre-tax book income of $1,000,000 in year 1, ($1,800,000) in year 2, and $3,000,000 in year 3. The income tax rate applicable to each of the years was 40%.Assume that there weren't any temporary differences and a valuation allowance was not necessary.What amount of income tax expense was reported in year 3 if the company elected a loss carryback?
A. $ 480,000 B. $ 880,000 C. $ 400,000 D. $1,200,000
Which of the following procedures are typically used when a petty cash fund is established?
A. Use of petty cash vouchers. B. Physical control over the petty cash fund. C. Assigning a petty cash custodian. D. All of these procedures are used when a petty cash fund is established.
At its inception, Peacock Company purchased land for $50,000 and a building for $220,000. After exactly 4 years, it transferred these assets and cash of $75,000 to a newly created subsidiary, Selvick Company, in exchange for 25,000 shares of Selvick's $5 par value stock. Peacock uses straight-line depreciation. When purchased, the building had a useful life of 20 years with no expected salvage value. An appraisal at the time of the transfer revealed that the building has a fair value of $250,000.Based on the preceding information, Selvick Company will report additional paid-in capital of
A. $220,000. B. $250,000. C. $176,000. D. $125,000.
Which of the following is considered the final stage of the strategic planning process?
a. Select the social media channels and vehicles. b. State the objectives. c. Create an experience strategy. d. Execute and measure the campaign. e. Gather insight into the target audience.