Being socially ______ has negative consequences, as it gives the company a negative reputation that leads to more difficulty in attracting customers, investors, and employees.
A. responsible
B. ethical
C. engaged
D. irresponsible
D. irresponsible
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A decrease in a liability is recorded by a debit
Indicate whether the statement is true or false
Anton Valve Company produces a mechanical valve used in water systems. Three years ago the company introduced an electronic version of the valve. Sales of the mechanical model have steadily declined, and the company will report a loss on the product this year as follows:
If production of the mechanical valve is discontinued, product-level costs will be eliminated but facility level and corporate costs would not be affected.Required:1) Prepare a quantitative analysis that indicates whether the valve should be discontinued.2) What qualitative factors should be considered in this decision?
What will be an ideal response?
First United American Title is the escrow agent for the closing of a sale of property between Georgia Pines and Alexander Pope. Georgia is carrying the financing for Pope, and Pope has given Georgia a mortgage. First United American failed to record the mortgage even though the escrow instructions specified that it be recorded. Pope has defaulted on the loan, and Georgia has discovered there is
no mortgage. First United American: A)?Is not liable since the mortgage is still valid. B)?Is not liable unless there was negligence . C)?Is liable for the failure to record. D)?None of the above
Betty Gilmore plans to sell berry pies at a local farmer's market. The permit and space rental will cost her $2,000 for the June through August season. The pies will sell for $7.00. Ingredients and overhead average $4.00 per pie
She also has to pay five percent of her gross sales to the markets's organizers. How many pies will she need to sell to cover her fixed costs and realize a $3,000 profit? A) 752 B) 1,667 pies C) 1,887 pies D) 1,250 pies