A company that uses the perpetual inventory system sold goods to a customer for cash for $4,600. The cost of the goods sold was $1,000. Which of the following journal entries correctly records this transaction?
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Friends of the Earth has idenetified envonmental accounting tricks that companies play. Which of the following is not one?
a. Lowballing superfund liabilities b. creating anEnvironmental Defense Fund c. hiding asbestos liability d. painting a rosy picture
Answer the following statement(s) true (T) or false (F)
1. Once you have reached the interview stage, you don’t need to be as concerned about your resume. 2. Interviews contain different kinds of questions. 3. Adequate preparation is only essential to leading a meeting. 4. Your conduct during a meeting can detract from your professional image.
Which of the following statements is true about the beta of a portfolio??
A. ?If the beta of a portfolio doubles, its required return also doubles. B. ?If a stock has a negative beta, its required return is negative. C. ?Higher beta stocks have more company-specific risk, but do not necessarily have more market risk. D. ?If a portfolio's beta increases from 1.2 to 1.5, its required rate of return will increase by an amount equal to its market risk premium. E. ?If the beta of a stock is three, the stock's relevant risk is thrice as volatile as the market portfolio.
The Xtra Store has a Human Resources Department and a Janitorial Department that provide service to three sales departments. The Human Resources Department cost is allocated on the basis of employees, and the Janitorial Department cost is allocated on the basis of space. The following information is available: Human ResourcesJanitorialSales #1Sales #2Sales #3Budgeted cost$45,000 $30,000 Space in Square Feet 4,000 1,000 20,000 30,000 50,000 Number of employees 5 10 15 45 30 Using the step-down method and assuming the Human Resources Department is allocated first, the amount of Janitorial cost allocated to Sales Department no. 2 is:
A. $9,857. B. $10,247. C. $8,571. D. $10,350. E. $9,000.