When the amount of an office expenditure is small and repayment should be made immediately, it may be more convenient to make the payment by check rather than petty cash
Indicate whether the statement is true or false.
F
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Select the statement that is not a criticism of insider trading.
A. An insider can benefit by trading on bad news as well as good, and this might be an incentive to work against the firm's best interests. B. The insider's action sends the correct message to the market, reflecting the stock's true value, moving the market toward equilibrium. C. The insider's information is often used without the firm's permission in a way that harms the stockholder's interests. D. The insider benefits inappropriately by buying or selling the stock at a price below or above what the market will demand when the inside information is made public.
In responding positively to a claim, begin the message with
a. information promoting other products. b. the good news that you are complying with the customer's request. c. an explanation of the reasons the request is granted. d. a reminder of the problem.
Salmone Company reported the following purchases and sales of its only product. Salmone uses a periodic inventory system. Determine the cost assigned to cost of goods sold using FIFO.DateActivitiesUnits Acquired at CostUnits Sold at RetailMay 1Beginning Inventory150 units @ $10.00 5Purchase220 units @ $12.00 10Sales 140 units @ $20.0015Purchase100 units @ $13.00 24Sales 90 units @ $21.00
A. $2,460 B. $2,980 C. $2,590 D. $2,850 E. $2,860
Considering how the freedom of the Internet impacts communications rights and responsibilities, it is evident that ________
A) ensuring freedom of speech is not as easy as it sounds B) the court of public opinion outweighs the court of law C) technology limits everyone's legal rights D) a new constitutional amendment may be in order