Corporate earnings do not have to be distributed to the stockholders
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In companies where a polycentric management orientation prevails, host-country nationals will be used in most selling situations with the exception of high-tech products sold in developed countries
Indicate whether the statement is true or false
Helen is a new manager who is about to perform her first round of performance reviews with her employees. She knows which of the following is a characteristic of the performance appraisal process?
A. Most employees view the appraisal process as fair and unbiased. B. Most employees look forward to the appraisal process. C. Training is likely unnecessary for managers performing reviews. D. There are perceptual biases that may affect the manager’s ability to accurately rate follower performance.
For most firms, the extent of direct emissions is typically only a small fraction of the extent of indirect emissions in the supply chain
Indicate whether the statement is true or false.
Vincent Company purchased merchandise from Liu Company with an invoice price of $300,000 and credit terms of 2/10, n/30. Liu Company's cost for the merchandise was $200,000. Vincent Company paid within the discount period. Assume that both buyer and seller use a perpetual inventory system and the gross method of recording invoices.1. Prepare entries that Vincent should record for (a) the purchase and (b) the cash payment.2. Prepare entries that Liu should record for (a) the sale and (b) the cash collection.3. Assume that the buyer borrowed enough cash to pay the balance on the last day of the discount period at an annual interest rate of 9% and paid it back on the last day of the credit period. Compute how much the buyer saved by following this strategy. (Assume a 365-day year and round
dollar amounts to the nearest cent.) What will be an ideal response?