Better Deals Company has 6 units in inventory on December 31. The units were purchased in November for $155 each. The price lists from the suppliers indicate that the same items would now cost the company a total of $960. What would be the amount reported as ending Merchandise Inventory on the balance sheet?
A) $1,890
B) $315
C) $930
D) $960
C) $930
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Gomez Company purchases a piece of equipment on Jan. 2, 2014, for $30,000. The equipment has an estimated life of eight years or 50,000 units of production and an estimated residual value of $3,000. Lester uses a calendar fiscal year. The entry to record the amount of depreciation for 2014, using the production method and assuming 8,000 units are produced, is
A) debit to Depreciation Expense, 4,000; credit to Cash, 4,000. B) debit to Cash, 4,160; credit to Accumulated Depreciation, 4,160. C) debit to Depreciation Expense, 4,320; credit to Accumulated Depreciation, 4,320. D) debit to Depreciation Expense, 4,800; credit to Accumulated Depreciation, 4,800.
In the ________ approach to organization structure, decision making is decentralized to a level where information is processed properly and relevant knowledge is applied.
A. product B. hierarchical C. organic D. functional E. matrix
A common criticism of ethical relativism is that it:
A) promotes open-mindedness and tolerance. B) assumes that a person's actions are always correct for that person, but if that is true, then all behavior is, by definition, moral. C) is rigid and excessively formal. D) is too judgmental.
A driving force that causes a person to take action to satisfy specific needs is called a(n):
A. instigator B. motive C. enforcer D. stimulus E. belief