Stockholder satisfaction is an important objective for a retailer using which ownership and management alternative?
a. corporation
b. partnership
c. sole proprietorship
d. franchise
a
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If a student leaves a book bag in class by accident and the professor takes possession to safeguard the bag, a bailment has been formed.
Answer the following statement true (T) or false (F)
Isaac applied for a loan from Livingstone Bank and was denied the loan two weeks later. He discovered that the reason behind the denial was that the bank considered him a huge credit risk because a credit report stated that he was an alcoholic. Isaac claimed that this information was not true. Which of the following acts will allow Isaac to approach Livingstone Bank for reconsideration of his loan application?
A. Equal Credit Opportunity Act B. Fair Credit Billing Act C. Fair Debt Collection Practices Act D. Fair Credit Reporting Act
A company produces 1000 packages of chicken feed per month. The sales price is $5 per pack. Variable cost is $1.50 per unit, and fixed costs are $1800 per month. Management is considering adding a vitamin supplement to improve the value of the product. The variable cost will increase from $1.50 to $1.80 per unit, and fixed costs will increase by 20%. The CEO wants to price the new product at a level that will bring operating income up to $3000 per month. What sales price should be charged? (Round your answer to the nearest cent.)
A) $3.50 B) $6.96 C) $5.00 D) $3.20
Using the accrual basis of accounting to measure net income creates the need for a separate financial statement that reports the impact of operations on cash flows
Indicate whether the statement is true or false