While deciding whether or not to begin a construction project overseas, BuildBest learned that they would not be able to get permits for demolition until they paid a local city official a sizable fee in addition to the fees the city charges for the
permit. This is an example of ________.
A) bribery
B) nationalization
C) extortion
D) fair trade
E) locavorism
B
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Earnings retained in a corporation are recorded by closing the income summary account to the ____________________ account at the end of the period
Fill in the blank(s) with correct word
Mavis Company's statement of cash flows showed net cash provided by operating activities of $47,000 in 2016. Mavis reported an increase in accounts payable of $6,000, an increase in inventory of $2,000, depreciation expense of $3,000, and dividends paid of $8,000. Mavis's net income for 2016 was
A) $48,000. B) $40,000. C) $39,000. D) $32,000.
______ is an involuntary physiological process, while ______ is a voluntary mental process.
a. Interpreting; listening b. Listening; hearing c. Interpreting; hearing d. Hearing; listening
If a firm's net income does not change as its volume changes, the firm('s)
a. must be in the service industry. b. must have no fixed costs. c. sales price must equal $0. d. sales price must equal its variable costs.