Which of the following is a motivation for foreign manufacturing:
a. reduced shipping costs b. reduced labor expenses
c. reduced raw materials costs
d. securing long-term contracts in another country e. all of the other specific choices are correct
e
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In which one of the following cases would an auditor most likely issue a qualified opinion?
a. There is a highly material, and very pervasive departure from SFAS No. 141 and No. 142. b. There is a change in accounting principles promulgated by the FASB. c. There is an immaterial dollar misstatement on the financial statements. d. There is one material departure from GAAP that is affects only two accounts.
Which of the following statements is MOST consistent with the I/O view? Performance of a firm is most directly attributable to:
A. the power of the financial market stakeholders. B. the resources the firm possesses. C. the profitability of the industry in which the firm competes. D. hypercompetition within the industry.
To manage your anger
a. go phishing. b. try to focus on something else. c. recognize the anger within you. d. none of these choices.
Crossland Corporation reported sales on its income statement of $454,000. On the statement of cash flows, which used the direct method, sales adjusted to a cash basis were $483,500. Crossland Corporation reported the following account balances on its balance sheet for the year: Ending BalanceBeginning BalanceAccounts receivable$39,500? ? Prepaid expenses$15,900? $12,900? Inventory$21,800? $23,800? Based on this information, the beginning balance in accounts receivable was:
A. $69,000 B. $29,500 C. $59,000 D. $39,500