A restriction of retained earnings by the board of directors for a specific purpose is called a(n) ____________________
Fill in the blank(s) with correct word
retained earnings appropriation
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At the beginning of 2021, Angel Corporation began offering a 1-year warranty on its products. The warranty program was expected to cost Angel 4% of net sales. Net sales made under warranty in 2021 were $180 million. Five percent of the units sold were returned in 2021 and repaired or replaced at a cost of $5.3 million. The amount of warranty expense in Angel's 2021 income statement is:
A. $27.0 million. B. $5.3 million. C. $7.2 million. D. $9.0 million.
Answer the following statements true (T) or false (F)
1.Natural capital refers to trust, norms, and networks that people can draw upon to solve common problems and create social cohesion. 2.Ethnocentrism refers to regarding one’s own ethnic group or culture as superior to that of others. 3.Hofstede’s dimensions of culture tells us how significant the differences are between two countries’ cultures. 4.Project GLOBE refuted Hofstede’s findings and came up with its own set of nine dimensions of culture. 5.Polycentric organizations emphasize adapting to local culture and will generally choose to hire host-country employees.
As of 2013, which is the leading country that sends the most immigrants to the United States?
*a. China b. Mexico c. Honduras d. Africa
Firms that embrace the marketing concept seek ways to build a profitable long-term relationship with each customer.
Answer the following statement true (T) or false (F)