The promotion and pricing decisions made by marketing and sales typically have the objective ofq
A) maximizing profitability.
B) minimizing profitability.
C) minimizing revenue.
D) maximizing revenue.
Answer: D
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The ____________________ is the method of reporting cash from operating activities in which net income is adjusted for transactions that affect both net income and cash from operating activities, but in different ways
Fill in the blank(s) with correct word
One rationale for using expected dividends in valuation is
a. Dividends are a necessary payment in order for a firm to have value. b. Dividends are paid in cash, and cash serves as a measurable common denominator for comparing the future benefits of alternative investment opportunities. c. Dividends are the most reliable measure of value because most companies payout dividends to shareholders. d. Dividend payout ratios are set based on profitability.
Flagg records adjusting entries at its December 31 year-end. At December 31, employees had earned $12,000 of unpaid and unrecorded salaries. The next payday is January 3, at which time $30,000 will be paid. Prepare the journal entry on January 3 to record payment assuming the adjusting and reversing entries were made on December 31 and January 1.
A. Debit Salaries payable $30,000; credit Cash $30,000. B. Debit Salaries expense $18,000; credit Cash $18,000. C. Debit Salaries expense $18,000, debit Salaries payable $12,000; credit Cash $30,000. D. Debit Salaries expense $12,000; debit Salaries payable $18,000; credit Cash $30,000. E. Debit Salaries expense $30,000; credit Cash $30,000.
Authorized shares of stock refer to the number of shares currently held by the stockholders
Indicate whether the statement is true or false