Yolanda manages a Best Sleep Inn along an interstate highway. She knows from experience that 5 to 10 last-minute customers will call after 8 p.m. each evening looking for a room and asking the price. Yolanda has empowered her staff to offer discounts when the motel is largely vacant, and to quote the standard price when the motel is close to full. She knows her service is ________, meaning that if no one stays in the room, it generates no revenue that evening.
A. intangible
B. heterogeneous
C. durable
D. inseparable
E. perishable
Answer: E
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A force that drove the recent nonprofit management revolution was the ______.
A. introduction of competition B. increased number of economic recessions C. decline of growth in the sector D. decreased demands for accountability
A company that uses the net method of recording purchases and a perpetual inventory system purchased $1,800 of merchandise on July 5 with terms 2/10, n/30. On July 7, it returned $200 worth of merchandise. On July 28, it paid the full amount due. The correct journal entry to record the payment on July 28 is:
A. Debit Accounts Payable $1,600; credit Merchandise Inventory $32; credit Cash $1,568. B. Debit Merchandise Inventory $1,600; credit Cash $1,600. C. Debit Accounts Payable $1,800; credit Cash $1,800. D. Debit Cash $1,600; credit Accounts Payable $1,600. E. Debit Accounts Payable $1,568; debit Discounts Lost $32; credit Cash $1,600.
A conditional pledge should be recognized as revenue when the pledge is made.
Answer the following statement true (T) or false (F)
Incentive compensation for employees, such as bonuses, should be tied to balanced scorecard performance measures only if managers are confident that the performance measures are easily manipulated by those being evaluated.
Answer the following statement true (T) or false (F)