The normal balance of the Dividends account is a credit
a. True
b. False
Indicate whether the statement is true or false
False
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Scranton Company expects to begin operating on July 1, Year 1. The company's master budget contained the following operating expense budget: JanuaryFebruaryMarchSalary expenses$36,000 $36,000 $36,000 Sales commissions, 5% of sales 30,000 32,000 24,000 Utilities 2,800 2,800 2,800 Depreciation on store equipment 1,000 1,000 1,000 Rent 7,200 7,200 7,200 Miscellaneous 1,800 1,800 1,800 Total operating expenses$78,800 $80,800 $72,800 Sales commissions are paid in cash in the month following the month in which the expense is recognized. All other expense items requiring cash payment are paid in the month in which they are recognized. The amount of commissions payable that would appear on the company's pro forma balance sheet as of September 30,
Year 1 is: A. $30,000. B. $36,000. C. $24,000. D. $32,000.
The built-in, fold-down child seats such as those found in Chrysler minivans are an example of a ________
A) dynamically continuous innovation B) nonradical innovation C) competitive innovation D) continuous innovation E) discontinuous innovation
Which of the following is an advantage of using commissioned reports as sources of data for
market sizing? A) Commissioned reports are industry-specific and the data is highly relevant. B) Commissioned reports are very inexpensive and are easily accessible. C) Commissioned reports can be compiled at short notice and with minimal labor. D) Commissioned reports are the most reliable source of information.
Which of the following are organizational cultural factors that can lead to the underrepresentation of woman and minorities in the workplace?
A) Playing sports B) Exclusion from the “good old boys” network C) Going to lunch with the “right” crowd D) All of the above