If a company overstates its ending inventory for the current year, what are the effects on cost of goods sold and net income for the current year? Effect on Cost of Goods Sold Effect on Net Income
a. Understated Overstated
b. Overstated No effect
c. Understated Understated
d. Overstated Overstated
a
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Selecting ________ is the first part of of the process of creating a media list
A) an advertising agency B) connector types C) a public relations consultant D) a message strategy E) a product distribution channel
While scholars have been studying performance management and appraisal issues for decades, one very basic question has eluded them, as well as practitioners – what should organisations really measure: employee traits, behaviours, or outcomes? Clearly, each has its own pros and cons, and measuring the right thing(s) is critical to effective management. So, which of these should organisations measure?
What will be an ideal response?
On January 1, a company issues bonds dated January 1 with a par value of $480,000. The bonds mature in 5 years. The contract rate is 9%, and interest is paid semiannually on June 30 and December 31. The market rate is 10% and the bonds are sold for $461,461. The journal entry to record the first interest payment using straight-line amortization is:
A. Debit Interest Expense $23,453.90; credit Discount on Bonds Payable $1853.90; credit Cash $21,600.00. B. Debit Interest Expense $23,453.90; credit Premium on Bonds Payable $1853.90; credit Cash $21,600.00. C. Debit Interest Expense $21,600.00; credit Cash $21,600.00. D. Debit Interest Expense $19,746.10; debit Discount on Bonds Payable $1853.90; credit Cash $21,600.00. E. Debit Interest Payable $21,600.00; credit Cash $21,600.00.
The ________ stage of the selling process offers a prime opportunity for salespeople to solidify customer relationships through great service quality.
A. preapproach B. follow-up C. generating and qualifying leads D. sales presentation E. closing the sale