The president of Bank Fortuna is attempting to determine whether the bank has both the capability and the resources to open a branch facility in a new location. Which criterion of decision making is the president addressing?
A. functionality
B. ethicalness
C. economic feasibility
D. legality
E. practicality
Answer: E
Business
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Define the following terms:
Business
On June 30, Greenville Manufacturing finished Job 70 with total job costs of $40,000 and transferred the costs to Finished Goods Inventory. On July 6, Greenville completed the sale of the goods to a customer for $55,000 on account.
Provide the entry to record the cost of goods sold. Omit explanation. Assume the perpetual inventory system is used.
Business
Which of the following accounts need not be adjusted at year end?
a. Prepaid Advertising b. Land c. Office Supplies d. Unearned Revenue
Business
A proof statement can be used when letting a third party respond to an objection.
Answer the following statement true (T) or false (F)
Business