Why is developing a network often considered the most valuable source of information about jobs?
The majority of job openings are never advertised. Therefore, developing a network of contacts is often the most valuable source of information about jobs. A number of professional networking sites exist online. Today, LinkedIn is the most popular networking website for business professionals. Facebook plays the dual roleof enabling personal as well as professional networking. Many entrepreneurs actively exploit social media, such as Facebook and Twitter to promote their businesses and services. These are just a few of the social networking opportunities available.
Your network could include current and past employers, guest speakers in your classes or at student organization meetings, business contacts you met while interning or participating in shadowing or over-the-shoulder experiences, professors, and so on. Let these individuals know the type of job you are seeking, and ask their advice for finding employment in today's competitive market.
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The following information pertains to Dallas Company. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit. Assets Cash and short-term investments $ 40,000 Accounts receivable (net) 30,000 Inventory 25,000 Property, plant, and equipment 280,000 Total assets $375,000 Liabilities and Stockholders' Equity Current liabilities $
60,000 Long-term liabilities 95,000 Stockholders' equity—Common 220,000 Total liabilities and stockholders' equity $375,000 Income Statement Sales $90,000 Cost of goods sold 45,000 Gross margin $45,000 Operating expenses 15,000 Net income $30,000 Number of shares of common stock 6,000 Market price of common stock $20 Dividends per share $1.00 Cash provided by operations $40,000 What is the rate earned on stockholders' equity? a. 7.3% b. 13.6% c. 20.5% d. 40.9%
The gross profit of Larry Company for 2015 is $300,000, cost of goods manufactured is $400,000, the beginning inventories of goods in process and finished goods are $28,000 and $35,000, respectively, and the ending inventories of goods in process and finished goods are $50,000 and $70,000, respectively. The cost of goods sold of Larry Company for 2015 must have been
A) $378,000. B) $265,000. C) $278,000. D) $365,000.
A company decides to ignore a very small error in its inventory balance. This is an example of the application of the ________.
A) conservatism B) materiality concept C) disclosure principle D) consistency principle
Claiming personal travel as a business expense, a personal lunch as a business lunch, altering a receipt to reflect a higher amount than was actually paid, or submitting fictitious receipt is an example of which of the following?
a. a billing scheme b. a payroll disbursement scheme c. a register disbursement scheme d. an expense reimbursement scheme