The goal of training is to contribute to an organization's overall strategic goals.
Answer the following statement true (T) or false (F)
True
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The National Tree Company offers resellers half-price reductions on artificial Christmas trees if they purchase them in July. This is an example of a ________
A) functional discount B) seasonal discount C) promotional allowance D) trade-in allowance E) quantity discount
Use this information to answer the following question. The selected accounts and balances for Keystone Market appear as follows: Advertising Expense $ 14,000 Common Stock 100,000 Dividends 21,000 Freight-In 7,000 Freight-Out Expense 10,000 Interest Income 24,000 Merchandise Inventory (Jan. 1) 58,000 Merchandise Inventory (Dec. 31) 56,000 Purchases 60,000 Purchases Returns and Allowances 4,000
Rent Expense 9,000 Retained Earnings 40,000 Sales 150,000 Sales Returns and Allowances 19,000 Wages Expense 32,000 Goods available for sale would appear on the income statement as a. $114,000. b. $61,000. c. $121,000. d. $51,000.
On January 3, 2016, the Walters Corporation signed a 10-year non-cancelable lease for manufacturing equipment. The fair value of the equipment at that time was $550,000. At the end of the lease period, the equipment, which has an estimated life of 15 years, will be returned to the lessor. Additional information is below: Lease payments (year-end)$80,000 Walters Corporation's incremental borrowing rate10% Lessor's implicit interest rate (known to Walters)12% Present value factor for an ordinary annuity of 10 years at 10%6.144567 Present value factor for an ordinary annuity of 10 years at 12%5.650223 ? Walters should
A. capitalize the equipment at $550,000. B. capitalize the equipment at $491,565. C. capitalize the equipment at $452,018. D. not capitalize the equipment.
The process of analyzing alternative long-term investments and deciding which assets to acquire or sell is known as:
A. Capital budgeting. B. Master budgeting. C. Managerial accounting. D. Variance analysis. E. Planning and control.