Ethics is important because laws may not always be easy to interpret or apply. This is because
A. laws are very organized and structured and so are complicated to read.
B. laws represent the will of the people and that will is often changing.
C. laws are created by the political process and are the result of compromise.
D. laws often have definition provisions to explain the meaning of terms.
Answer: B
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Marketing channels exist to create utility for customers. The major categories of channel utility include all of the following except:
A) place utility. B) price utility. C) information utility. D) form utility. E) time utility.
Billit Corporation Billit Corporation is a merchandising company. Selected account balances are listed below. Sales $500,000 Purchases 225,000 Beginning inventory 16,000 Ending inventory 30,000 Operating expenses 148,000 Income tax expense 10,000 Beginning retained earnings 53,000 Dividends 15,000 Calculate the cost of goods sold for Billit Corporation
A) $221,000 B) $239,000 C) $241,000 D) $211,000
The following information is available about the status and operations for Division B of Boxwood Company, which has a minimum required ROI of 20%. Answer each item independently of the others. Division BDivisional investment$1,500,000 Divisional profit$550,000 Divisional sales$3,600,000 Required:a. Compute the ROI for Division B.b. Division B could increase its profit by $25,000 by increasing its investment by $100,000. Compute its new ROI.c. Division B could increase its profit margin ratio by one percentage point (for example: from 13% to 14%), without increasing total sales or investment. Compute its new ROI.d. Division B could reduce its investment so that its asset turnover increased by one time, while holding total sales and profit constant. Compute its new ROI.
What will be an ideal response?
An accountant is generally held to be the owner of the working papers he uses in performing an audit
a. True b. False Indicate whether the statement is true or false