Insurance to cover costs associated with obsolete, stolen, deteriorated, or spoiled inventory falls under ______ costs.
A. ordering
B. setup
C. stock-out
D. holding
D. holding
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A 90-day note issued on April 10 matures on:
A. July 11. B. July 13. C. July 10. D. July 12. E. July 9.
?Your quarterly strategic planning meeting will be held next month. You will schedule all the brainstorming and discussion activities for the meeting in a sequence and structure consistent with the hierarchy of the traditional strategic planning process. ? Which of the following sequence of activities should you schedule in order to be most consistent with the hierarchy of the traditional strategic planning process?
A. ?1: Develop functional area goals and objectives; 2: Complete a SWOT analysis for the company; 3: Develop business unit strategies; 4: Develop the company's mission and goals. B. ?1: Develop the company's mission and goals; 2: Develop business unit strategies; 3: Complete a SWOT analysis for the company; 4: Develop functional area goals and objectives. C. ?1: Complete an economic environment analysis; 2: Develop the company's mission and goals; 3: Develop business unit strategies; 4: Complete a SWOT analysis for each business unit; 5: Develop functional area goals and objectives. D. ?1: Complete a SWOT analysis for the company; 2: develop the company's mission and goals; 3: Develop business unit strategies; 4: Develop functional area goals and objectives. E. ?1: Develop the company's mission and goals; 2: Develop business unit strategies; 3: Complete an economic environment analysis; 4: Develop functional area goals and objectives.
An intended donee beneficiary may enforce the contract only against the promisor
Indicate whether the statement is true or false
The following transactions apply to the Garber Corporation for Year 1, its first year in business.1) Issued stock to investors, $48,000.2) The company borrowed $42,000 cash from the bank.3) Services were provided to customers and $50,000 cash was received.4) The company acquired land for $44,000.5) The company paid $34,000 rent for the building where it does its business.6) The company paid $3,200 for supplies that were used during the period.7) The company sold the land acquired in item 5 for $44,000.8) A dividend of $1,000 was paid to the owners.9) Repaid $20,000 of the loan described in item 2.Required:a. Prepare an income statement, statement of changes in equity, and balance sheet for Year 1.b. Prepare a statement of cash flows for Year 1.
What will be an ideal response?