Explain the typical workweek of a eurocommuter.
What will be an ideal response?
In Europe, where geographical distances are not across oceans, "eurocommuters" travel to their job location, which may be in a different country, on Monday, then return home on weekends.
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Which of the following statements is true about the Spending Potential Index?
A. It compares what retailers spend on real estate in a given market and compares it to the national average. B. It compares the local average expenditure by product to the national average amount spent. C. It is an index that provides retailers who are thinking of expanding into international markets with data on what consumers spend. D. It compares sales predictions based on various retail locations. E. It offers retailers information on property values as well as local tax information so they are better able to compare prior to purchasing.
Carolina Hills Manufacturing has two processing departments, Department I and Department II. During the year, direct materials were assigned to the two production departments: $280,000 to Department I and $300,000 to Department II. During the period, $8,000 of indirect materials were used in production.
Provide the journal entry to record this transaction. Process costing is used.
Which of the following classifications represents the largest number of shares?
A) Authorized shares. B) Outstanding shares. C) Treasury shares. D) Issued shares.
The following information is available for Orange Company: Cost of goods sold for 2014 ........................... $1,200,000 Inventories at December 31 . 2013 ...................... 350,000 Inventories at December 31 . 2014 ...................... 310,000 Assuming that a business year consists of 360 days, the number of days' sales in average inventories for 2014 was
a. 49.5. b. 93. c. 99. d. 105.