What are the three generic strategies for dealing with environmental effects of operations?
1 . End-of-pipe strategies. With this approach, managers produce the waste or pollutant and then find a way to clean it up.
2 . Process improvements. This approach involves changes to recycle wastes internally, reduce production of waste, or adopt production processes that generate no waste.
3 . Pollution prevention. This approach involves eliminating production of pollutants.
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Wages earned but not yet paid amounted to $500 . The adjusting entry will
a. debit Wages Expense and credit Wages Payable; b. debit Wages Payable and credit Wages Expense; c. debit Wages Expense and credit Cash; d. debit Wages Payable and credit Cash; e. debit Income and credit Wages Payable
The risk of loss for "sale or return" is the same as for a sale "on approval."
a. True b. False Indicate whether the statement is true or false
Multiple Choice: Problems New Business is just being formed by 10 investors, each of whom will own 10% of the business. The firm is expected to earn $500,000 before taxes each year. The corporate tax rate is 34% and the personal tax rate for the firm's investors is 35%. The firm does not need to retain any earnings, so all of its after-tax income will be paid out as dividends to its investors. The investors will have to pay personal taxes on whatever they receive. How much additional spendable income will each investor have if the business is organized as a partnership rather than as a corporation?
A. $11,050 B. $12,266 C. $10,056 D. $9,282 E. $11,713
A business organization made up of two or more persons who have entered into an agreement to carry on a business venture for a profit, and not all persons have the right to participate in management decisions is a:
a. proprietorship b. limited partnership c. cooperative d. general partnership e. none of the other choices