Failure to record amounts earned for services provided to customers but not yet paid results in which of the following
a. Net income being overstated
b. No effect on total assets
c. Stockholders' equity being overstated
d. Total assets being understated
d
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Companies that rely on the marketing concept and have implemented a market orientation strategy recognize that:
a. price is the most important variable for customers. b. products should be targeted at everybody or the average customer. c. customer wants can be satisfied by integrating activities of the firm. d. good promotion and advertising strategies can save a bad product.
Which of the following is NOT true with regard to the serial approach in a large-scale production project?
a. It is slow. b. It is costly. c. It is used to develop products effectively. d. May require frequent engineering changes.
Scubapro Corporation currently has 500,000 shares of common stock outstanding and plans to issue 200,000 more shares in a seasoned equity offering. The current shareholders have preemptive rights on any new issues of common stock by Scubapro Corporation. How many shares would an investor who currently has 20,000 shares, have the right to buy if she exercises her preemptive right?
A. 200,000 shares B. 120,000 shares C. 20,000 shares D. 12,000 shares E. 8,000 shares
Explain the difference between a cost, a cost object, and a cost pool.
What will be an ideal response?