Two clerks sharing the same cash register is a violation of which internal control principle?
A. Establish responsibilities.
B. Maintain adequate records.
C. Apply technological controls.
D. Bond key employees.
E. Insure assets.
Answer: A
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Jordan Manufacturing reports the following capital structure: Current liabilities $100,000 Long-term debt 400,000 Deferred income taxes 10,000 Preferred stock 80,000 Common stock 100,000 Premium on common stock 180,000 Retained earnings 170,000 What is the debt ratio?
a. 0.48 b. 0.49 c. 0.93 d. 0.96 e. None of the answers are correct.
Explain what a fully-focused and a market-focused strategy are and discuss the opportunities and risks inherent in selecting each strategy
What will be an ideal response?
What are the ways that a firm can create barriers to entry to deter competition in its business? What factors determine whether these barriers are likely to be enduring?
Data concerning Follick Corporation's single product appear below: Selling price per unit$240.00?Variable expense per unit$76.80?Fixed expense per month$146,880??The break-even in monthly dollar sales is closest to:
A. $146,880 B. $216,000 C. $285,120 D. $432,000