All of the following are leadership qualities, EXCEPT ______.
A. visionary
B. innovates
C. promotes change
D. structured
E. nurtures
Answer: D
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Indicate whether the statement is true or false.
Chu Company provided the following information related to its inventory sales and purchases for December Year 1 and the first quarter of Year 2: Dec. Year 1 Jan. Year 2 Feb. Year 2 Mar. Year 2 (Actual) (Budgeted) (Budgeted) (Budgeted)Cost of goods sold$32,000? $62,000? $82,000? $52,000? Desired ending inventory levels are 32% of the following month's projected cost of goods sold. Budgeted purchases of inventory in February Year 2 would be:
A. $72,400. B. $79,900. C. $61,600. D. $91,120.
Ace Computing Company On January 1, the Accounts Receivable and the Allowance for Doubtful Accounts carried balances of $40,000 and $1,500 respectively. During the year, the company reported $80,000 of credit sales. There were $500 of receivables written off as uncollected during the year. Cash collections of receivables amounted to $78,200. The company estimates that it will be unable to collect 4% of the year-end accounts receivable balance. Refer to the Ace Computing Company. The entry to recognize the write-off of the specific uncollected accounts will act to
A. increase total assets and stockholders' equity. B. increase total assets and decrease stockholders' equity. C. decrease total assets and stockholders' equity. D. not affect total assets or stockholders' equity.
Which of the following is LEAST likely to be considered when determining total landed costs?
A. Raw material costs. B. Currency exchange rates. C. The cost of inventory held as safety stock. D. Product warranty costs.