In order to catch problems before they get out of hand, a business firm should compare its financial performance against various budgets.
Answer the following statement true (T) or false (F)
True
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Withdrawals and additional investment by the business owner are reported on the:
a. income statement. b. statement of owner's equity. c. balance sheet. d. work sheet. e. all of the above.
Which of the following is not one of the four themes of bad leadership developed by Malcom Higgs?
a. Abuse of power b. Rule breaking to serve the individual’s own purposes c. Inflicting damage on others d. Being so inadaptable that the leader refuses to change course if the plan is failing
On January 1, Alistair Manufacturing had a beginning balance in Work-in-Process Inventory of $164,000 and a beginning balance in Finished Goods Inventory of $25,000
During the year, Alistair incurred manufacturing costs of $202,000. During the year, the following transactions occurred: Job C-62 was completed for a total cost of $140,000 and was sold for $157,000. Job C-63 was completed for a total cost of $181,000 and was sold for $212,000. Job C-64 was completed for a total cost $82,000 but was not sold as of year-end. The Manufacturing Overhead account had an unadjusted credit balance of $24,000 and was adjusted to zero at year-end. What was the amount of gross profit reported by Alistair at the end of the year? A) $48,000 B) $72,000 C) $17,000 D) $31,000
A(n) _____ can be exchanged for shares of equity at the owner's discretion.?
A. ?debenture B. ?indenture C. ?callable bond D. ?convertible bond E. ?putable bond