Partnering with a(n) ________ whose mission complements the company’s business practices is one means of strengthening corporate reputation and protecting the company from risk.
a. IPA
b. regulatory agency
c. NGO
d. PR firm
c. NGO
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During 2016, Penny Co had net income of $200,000 including after-tax interest expense of $30,000 on convertible bonds. The $300,000 face value of convertible bonds can be converted into common stock at the rate of 300 shares per $1,000 bond. Prior to the conversion, there were 400,000 shares of common stock outstanding. What is the amount of fully diluted earnings per share?
A) $0.500 B) $0.469 C) $0.408 D) not determinable because the bonds are not dilutive
The court decisions in the Borden case clearly show that
A. a manufacturer can charge different prices for different brands of physically identical products as long as the price differentials do not exceed the recognized consumer appeal of the higher-priced brands. B. manufacturers cannot charge different prices for dealer brands and manufacturer brands. C. manufacturers who supply retailers with dealer brands cannot force the retailer to charge consumers the manufacturer's suggested list price. D. products of "like grade and quality" must be offered to all buyers at the same price-even if sold under different labels. E. price fixing is always illegal.
The effectiveness of a total quality management program is directly related to top management's commitment to its success.
Answer the following statement true (T) or false (F)
Match the following terms with the appropriate definition.1.The set of policies and procedures managers use to monitor and control business activities. Cash ?2.The organization that lists five ingredients of internal controls that adds to the quality of accounting information. Cash equivalent ?3.Principle that costs of internal controls must not exceed their benefits.Canceled checks?4.Currency, coins, and amounts on deposit in bank accounts. Cost-benefit principle?5.An asset such as cash that can be readily used to settle near-term obligations. Liquid assets ?6.Regulation requiring public companies to document and certify their system of internal controls. Internal control system ?7.Set of procedures and approvals designed to control cash payments.Sarbanes-Oxley
Act ?8.Short-term, highly liquid investments that are readily convertible to a known cash amount and are sufficiently close to their maturity date so that the market value is not sensitive to interest rate changes. Committee of Sponsoring Organizations ?9.Internal document used to collect information to control cash payments and to ensure that a transaction is properly recorded.Voucher system?10.Checks the bank has paid and deducted from a customer's account. Voucher? What will be an ideal response?