In a two-variance system for analyzing factory overhead, a favorable production-volume variance could be caused by:
a. The top salesman leaving the company.
b. Receiving more orders than anticipated.
c. Receiving less orders than anticipated.
d. A work slow-down by workers.
b
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Which element of the marketing mix is being discussed when the salesperson participates in a trade show?
A. Distribution B. Product C. Pricing D. Direct sales E. Promotion
If the prepaid rent account before adjustment at the end of the month has a debit balance of $2,800, representing a payment made on the first day of the month, and if the monthly rent was $700, the amount of prepaid rent that would appear on the balance sheet at the end of the month, after adjustment, is
A) $2,100 B) $700 C) $3,500 D) $1,400
Why do investors in new ventures prefer to take preferred stock in a venture instead of common stock?
a. Because preferred shareholders get paid dividends before common shareholders b. Because preferred stock is much cheaper c. Because preferred stock is always worth double common stock d. Because preferred stock is easier to sell
Carroll, Daniels, and Elmore organized their veterinary practice as a professional corporation. This organization of professionals will be treated as a partnership for liability purposes
a. True b. False Indicate whether the statement is true or false