A(n) _____ corporation is one that is formed to perform some nongovernmental function
A) ?quasi
B) ?public
C) ?private
D) ?close
C
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Many companies use social media to publish ________, in which they communicate directly with customers and other audiences, rather than going through news media outlets
A) cyber statements B) virtual press publications C) microcosmic news stories D) direct-to-consumer news releases E) goodwill documents
Toyota learned many things from its partnership with GM, however American managers involved in the venture complained that:
A) Toyota learned many things about the U.S. supply system. B) Toyota learned about the U.S. transport system. C) Toyota learned about managing American workers. D) Toyota did not apply manufacturing expertise at GM plant. E) Toyota applied its expertise at its Camry plant.
Discuss the importance of working capital management and how it relates to the working capital cycle of a small business.
What will be an ideal response?
For the year ended December 31, a company has revenues of $330,000 and expenses of $202,500. The company paid $55,200 in dividends during the year. The balance in the Retained earnings account before closing is $94,000. Which of the following entries would be used to close the dividends account?
A. Debit Income Summary $55,200; credit Retained earnings $55,200. B. Debit Dividends $55,200; credit Retained earnings $55,200. C. Debit Retained earnings $55,200; credit Dividends $55,200. D. Debit Retained earnings $94,000; credit Income Summary $94,000. E. Debit Income Summary $94,000; credit Dividends $94,000.