The usual starting point for preparing a master budget is forecasting or estimating:
A. Cash payments.
B. Production.
C. Expenditures.
D. Sales.
E. Income.
Answer: D
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A Canadian software company decides to buy majority stakes in a Chinese firm producing software. The company even adds to its Chinese production capacity. Which of the following could be a potential disadvantage of this direct investment?
A) The Canadian firm will find it difficult to achieve economies of scale. B) This is the least financially rewarding mode of international expansion. C) The Canadian firm will have very limited control on its Chinese investment. D) The Canadian firm will be subject to the piracy problems in China. E) The Canadian firm will be subject to a higher cost of production in China.
Which of the following is NOT one of the possible consumer reference prices?
A) typical price B) actual future price C) last price paid D) expected future price E) upper-bound price
Dan Jones and Pat Smith are two employees of Lone Star, Inc In January 2017, Dan's gross pay was $11,500, and Pat's gross pay was $15,400
All earnings are subject to FICA-OASDI Tax of 6.2% and FICA-Medicare Tax of 1.45%. Which of the following would be included in the entry to record the payroll tax expense to be paid out by Lone Star, Inc for January? A) a debit to Salaries Payable to employees for $390.05 B) a debit to FICA-OASDI Taxes Payable for $390.05 C) a credit to FICA-Medicare Taxes Payable for $390.05 D) a credit to Salaries Expense for $390.05
Which of the following challenges in holding to the OD values relates to managers seeking rapid solutions to immediate problems while demonstrating a positive ROI?
a. Financial and economic tensions b. The push to see OD as technology c. Management culture and expectations d. Research