Approximately how long will it take Enrique's investment to grow into $2,000?
As a teenager, Enrique learned a valuable lesson from his dad, who told him to invest $1,000 at 8 percent interest at age 20 and leave the money alone until age 65. Enrique's dad knew that one strategy used by wealthy people is to exercise self-discipline and never touch a long-term savings plan. Enrique is happy to apply his dad's advice.
A) Seventy-two months
B) Six years
C) Nine years
D) Twelve years
Answer: C
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Under a standard cost system, the journal entry to record direct labor includes ________.
A) a debit for standard direct labor quantity for actual production times standard direct labor cost per hour B) a credit for standard quantity usage for actual production times actual cost per hour C) a debit for actual quantity times standard cost per hour D) a credit for standard quantity for actual production times standard cost per hour
Which of the following statements is true about cause-related marketing?
a. Any marketing effort for social or other charitable causes can be referred to as cause-related marketing. b. Cause-related marketing is a marketing relationship based on a straight donation. c. Cause-related marketing occurs when government agencies and nonprofit agencies launch social campaigns. d. Cause-related marketing seldom helps companies increase the sales of their products.
Out of the options below, what does the textbook not suggest to do to change gender inequality in organizations?
a. Eliminate prejudice b. Encourage networking c. Have a closed-door policy d. Redress the balance
In January, Alex promised to pay Y-K Inc $5,000 if it would refrain from filing suit against him on a breach of contract action. Y-K agreed and accepted a $5,000 check from Alex. Which of the following statements is correct?
a. Y-K's promise to refrain from suing Alex was not supported by legal consideration. b. Y-K's promise to refrain from suing Alex was supported by legal consideration and is enforceable. c. This is an accord and satisfaction, and Y-K cannot sue. d. The courts would apply promissory estoppel in this situation.