Barn Owl, Inc. reported the following data The horizontal analysis shows that the amount of total liabilities has ________.
A) increased by $23,200
B) increased by $2,300
C) decreased by $2,300
D) increased by $24,300
Ans : A . increased by $23,200
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Activities such as competitor analysis and market research are valuable investments of time that do not generate revenue. Which of the following components of a compensation plan is best suitable for encouraging such activities?
A) salary B) commission C) bonus D) incentive payment
On June 16, 2018, Evergreen Company wrote off the $200 receivable from customer M. Simmons. On October 14, 2018, Evergreen unexpectedly receives $200 cash from M. Simmons. How should Evergreen record the $200 payment from M. Simmons? Evergreen uses the allowance method.
A) Debit Cash and credit Bad Debts Expense B) Debit Accounts Receivable - M. Simmons and credit Allowance for Bad Debts; debit Cash and credit Accounts Receivable - M. Simmons C) Debit Accounts Receivable - M. Simmons and credit Bad Debts Expense; debit Cash and credit Accounts Receivable - M. Simmons D) Debit Cash and credit Allowance for Bad Debts
If a firm decides to contract its physical distribution functions to third parties that have no managerial authority within the marketing channel, it is using
A. outsourcing. B. sole-sourcing. C. logistics. D. wholesaling. E. distribution services.
Market Sales had $1,200,000 in sales last month. The variable cost ratio was 60% and operating profits were $80,000. What sales volume does Market's need to yield a $200,000 operating profit?
A. $2,000,000. B. $1,000,000. C. $1,500,000. D. $1,200,000.