According to the text, which of the following is the key priority of the most admired companies as compared with average companies?
A. Customer focus
B. Minimizing risk
C. Making budget
D. Respecting the chain of command
Answer: A
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An alternative name for Bad Debts Expense is
A) Collection Expense. B) Credit Loss Expense. C) Uncollectible Accounts Expense. D) Deadbeat Expense.
Zach decided to incorporate his business under the name of "Zamm." In addition to "Zamm," the Model Act requires that Zach include one of the following words: "corporation," "incorporated," "limited," or "company" or an abbreviation thereof
a. True b. False Indicate whether the statement is true or false
Chadwick Associates retained $850,000 of net income in the business in Year 1. If $75,000 was appropriated to satisfy the restrictive covenant of a loan agreement, what are the effects of the appropriation on the elements of the financial statements? Assets=Liab.+Stk.EquityRev.?Exp.=Net IncStmt. ofCash FlowsA.NA NA NANA NA NANAB.(75,000) NA (75,000)NA NA NA(75,000)FAC.(75,000) NA (75,000)NA 75,000 (75,000)(75,000)FAD.(75,000) NA (75,000)NA NA NANA
A. Option A B. Option B C. Option C D. Option D
Rainier Industries has Raw materials inventory on January 1, 20x8 of $32,500 and Raw materials inventory on December 31, 20x8 of $26,700. If raw materials used during the year were $135,000 what was the amount of raw materials purchased during the year?
A. $129,200. B. $146,600. C. $135,000. D. $140,800. E. None of the answers is correct.