When analyzing the "T" in SWOT analysis, a manager might take note of
A. the firm's cash flow problems.
B. a competitor's new product.
C. employee absenteeism.
D. strong corporate culture.
E. high service levels.
B. a competitor's new product.
A competitor's new product may be a threat if it is likely to capture market share
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Which of the following is true about a pro forma earnings number?
a. A pro forma earnings number is in total conformity with GAAP. b. A pro forma earnings number is a forecast of earnings in future periods. c. Reporting pro forma earnings by companies subject to SEC regulation is illegal. d. A pro forma earnings number is regular GAAP earnings with certain exclusions.
Which of the following is a non-cash transaction that should be disclosed in a schedule accompanying the statement of cash flows?
a. Sale of an investment for cash b. Purchase of a machine for cash c. Issuance of common stock in exchange for land d. Declaration and payment of a cash dividend on common stock
Owens Company uses the direct write-off method of accounting for uncollectible accounts receivable. On December 6, Year 1, Owens sold $6,300 of merchandise to the Valley Company. On August 8, Year 2, after numerous attempts to collect the account, Owens determined that the account of the Valley Company was uncollectible. a. Prepare the journal entry required to record the transactions on August 8.b. Assuming that the $6,300 is material, explain how the direct write-off method violates the expense recognition principle in this case.
What will be an ideal response?
Which of the following is a typical condition of receiving restricted stock?
a. If financial targets are not met; the employee never has to forfeit the restricted stock shares. b. Awards are not usually linked to financial goals. c. Employees can sell their shares on the grant date. d. Employees may forfeit the shares if they leave the employer.