A proxy battle is the attempt by ________.
A) the creditors of a bankrupt corporation to seize assets of the corporation
B) the management to dismiss the board of directors for their incapability to manage the operations
C) a nonmanagement group to unseat the existing management and gain control of the firm
D) the employees to form trade unions to influence decisions on behalf of members
C) a nonmanagement group to unseat the existing management and gain control of the firm
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Morton uses the moving average flow assumption. On January 1, there were 180 units on hand and the total inventory cost was $900. On January 10, 40 more units were purchased at a cost of $6 per unit. Sales included 20 units on January 3 and 60 units on January 17. What was the total cost of goods sold recorded for the units sold on January 17?
A) $728 B) $330 C) $100 D) $312
Working to improve the process is moot if which of the following is true?
a. Leaders don’t care enough about the organization b. Leaders don’t understand how to successfully execute change c. The set of assumptions that drives the content of change is inaccurate d. People will likely go back to the old way despite improvement efforts
A sales manager at Guilden Corporation, a manufacturer of consumer durable goods, has instructed his new salesperson, Rita, to sell five flat screen televisions per week. In addition to this, she is also expected to identify ten potential customers
These instructions given to Rita are referred to as _____. a. referrals b. sales leads c. quotas d. touch points
Anniston Co. planned to produce and sell 40,000 units. At that volume level, variable costs are determined to be $320,000 and fixed costs are $30,000. The planned selling price is $10 per unit. Anniston actually produced and sold 42,000 units.Using a contribution margin format:(a) Prepare a fixed budget income statement for the planned level of sales and production.(b) Prepare a flexible budget income statement for the actual level of sales and production.
What will be an ideal response?