According to the Systems Approach to Business and Society in Exhibit 1.1, the __________ is at the center of the societal context
a. Competitive Environment
b. Firm's Resources
c. Public Law
d. Top Management Team
d
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When firms that are temporarily short of cash and unable to borrow from usual sources convert accounts receivable into cash by pledging the accounts receivable, they disclose this information
a. on the income statement, only. b. on the balance sheet, only. c. on both the income statement and the balance sheet. d. by a footnote to the financial statements. e. in managements' discussion and analysis.
Gomez Service Company has received $7,500 in cash for services rendered. What affect does this transaction have on the accounting equation?
A) Increase Assets (Cash) and decrease Owner's Equity (Expenses) B) Increase Assets (Cash) and decrease Assets (Accounts Receivable) C) Increase Assets (Accounts Receivable) and increase Owner's Equity (Fees Earned) D) Increase Assets (Cash) and increase Owner's equity (Fees Earned)
A manufacturer of industrial equipment has a standard costing system based on standard direct labor-hours (DLHs) as the measure of activity. Data from the company's flexible budget for manufacturing overhead are given below: Denominator level of activity 8,000DLHsOverhead costs at the denominator activity level: Variable overhead cost$56,400 Fixed overhead cost$100,800 ?The following data pertain to operations for the most recent period: Actual hours 7,800DLHsStandard hours allowed for the actual output 7,735DLHsActual total variable manufacturing overhead cost$54,210 Actual total fixed manufacturing overhead cost$100,200 ?What is the predetermined overhead rate to the nearest cent?
A. $20.15 per DLH B. $19.80 per DLH C. $19.30 per DLH D. $19.65 per DLH
The metaphor of corporate ‘parenting’ seems insightful, yet like all metaphors it can mislead. When might parenting be an inappropriate guide to the proper corporate strategic management of an SBU portfolio?
What will be an ideal response?