Fact Pattern 35-1AErasmus applies for a job at Drain-Pro Plumbing & Repair LLC for which he is well qualified. He passes a test to determine which applicants are eligible for hiring, but the employer discards the results, and Erasmus is rejected. Drain-Pro continues to seek applicants.Refer to Fact Pattern 35-1A. To successfully defend itself against Erasmus's suit, Drain-Pro must articulate
A. a legitimate, nondiscriminatory reason for its action.
B. a mere fear that it would be sued if it used the test results.
C. a pretext for its action.
D. a discriminatory basis for its action.
Answer: A
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Sandy Shores, Inc reported the following amounts in its financial statements: 2017 2016 Average merchandise inventory $ 200,000 $ 120,000 Cost of goods sold 4,000,000 3,000,000 From 2016 to 2017, the company's management of inventory is
a. declining, because the number of days' sales in inventory is getting larger. b. increasing, because the number of days' sales in inventory is getting larger. c. declining, because the number of days' sales in inventory is getting smaller. d. increasing, because the number of days' sales in inventory is getting smaller.
High-involvement purchase decisions likely involve extended problem solving
Indicate whether the statement is true or false
Large businesses that innovate and change have an ______.
a. entrepreneurial frame b. entrepreneurial orientation c. intrapreneurial frame d. intrapreneurial orientation
Guinea, Inc. adopted the dollar-value LIFO retail inventory method on January 1, 2016, when the price index was 100. The following information was taken from company records on December 31, 2016, when the price index was 110. Cost Retail Sales $190,000 Additional markups 18,000 Markup cancellations 6,000 Markdowns 8,000 Markdown cancellations 2,000 Inventory, January 1$ 14,400 20,000 Purchases158,000 199,000 Purchase returns4,000 5,000 ? Required:Compute the cost of the December 31, 2016, inventory. (Round off calculations to the nearest dollar.)
What will be an ideal response?