Family life cycle is most typically based on
A. income.
B. geographic location.
C. marital status and age of children.
D. occupation.
E. buying power.
Answer: C
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What is a synonym for the macroenvironment?
A. economic environment B. ethical environment C. microenvironment D. task environment E. general environment
Cost of goods sold is equal to
a. the cost of inventory on hand at the end of a period plus net purchases minus the cost of inventory on hand at the beginning of a period. b. the cost of inventory on hand at the beginning of a period minus net purchases plus the cost of inventory on hand at the end of a period. c. the cost of inventory on hand at the beginning of a period plus net sales minus the cost of inventory on hand at the end of a period. d. the cost of inventory on hand at the beginning of a period plus net purchases minus the cost of inventory on hand at the end of a period.
Sanborn Company has 10 employees, who earn a total of $2800 in salaries each working day. They are paid on Monday for the five-day workweek ending on the previous Friday. Assume that year ended December 31, is a Wednesday and all employees will be paid salaries for five full days on the following Monday. The adjusting entry needed on December 31 is:
A. Debit Salaries Expense, $5600; credit Salaries Payable, $5600. B. Debit Salaries Expense, $14,000; credit Salaries Payable, $14,000. C. Debit Salaries Expense, $8400; credit Cash, $8400. D. Debit Salaries Payable, $8400; credit Salaries Expense, $8400. E. Debit Salaries Expense, $8400; credit Salaries Payable, $8400.
Heather applied for a promotion, but her manager promoted a co-worker because the manager knew Heather was seven months pregnant. The manager did not want to promote someone who would probably be taking time off of work for childbirth and child care. The manager has acted legally and reasonably to protect her company's interests
a. True b. False Indicate whether the statement is true or false