The maximum number of shares a company may issue are ______________________________
Fill in the blank(s) with correct word
authorized shares
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If after aging the accounts receivables, it is estimated that $900 will not be collected and the allowance account has an existing debit balance of $200, the adjusting entry would be for the amount of $700
a. True b. False Indicate whether the statement is true or false
The inventory turnover ratio is calculated as:
A. Ending inventory divided by cost of goods sold. B. Cost of goods sold divided by ending inventory times 365. C. Cost of goods sold divided by average merchandise inventory. D. Cost of goods sold divided by ending inventory. E. Sales divided by cost of goods sold.
The __________ case involved the issue of the validity of a government restriction on commercial speech under the First Amendment
a. Williamson v. Mazda Motor of America, Inc. b. Thompson v. Western States Medical Center c. First National Bank v. Bellotti d. Austin v. Michigan Chamber of Commerce
Cranston Corporation makes four products in a single facility. Data concerning these products appear below: Products ABCDSelling price per unit$42.30$50.00$37.60$33.50Variable manufacturing cost per unit$20.80$30.70$21.00$19.90Variable selling cost per unit$2.70$2.10$1.00$2.40Milling machine minutes per unit 3.30 4.10 2.60 1.30Monthly demand in units 1,000 4,000 3,000 3,000The milling machines are potentially the constraint in the production facility. A total of 28,200 minutes are available per month on these machines.Which product makes the LEAST profitable use of the milling machines?
A. Product C B. Product A C. Product D D. Product B