An executive recruiter's fee for finding an employee was 15% of all money paid to the employee during the first year of employment. The employee received a $55,000 salary and a $6,500 signing bonus. What was the cost of using the recruiter?
$9,225
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Which of the following decisions does a firm need to make as soon as it has identified the activities from the value chain that are bringing the highest added value to their customers?
A. Target low value-adding activities to increase their value. B. Perform some combination of the two. C. Target high value-adding activities to further enhance their value. D. All of these.
Bruce lived in Tennessee and had an appliance store in Tennessee. Bruce's residence and the appliance store, however, were within twenty miles of the Virginia state line. Bruce advertised heavily in both Tennessee and Virginia. Susan, one of his customers from Virginia, had an unfortunate experience with a refrigerator purchased from Bruce in that the refrigerator caught on fire and burned down
Susan's house which was worth $200,000 . Susan obtained proof that the refrigerator had actually been returned to Bruce because it malfunctioned and that, rather than repair the refrigerator and sell it as used, Bruce sold the refrigerator to her as new without repairs. Susan sued Bruce in federal district court in Virginia on a number of theories. Bruce opposed the lawsuit on the basis that it could only be filed in a state court and also on the basis that he was not subject to jurisdiction in Virginia. Which of the following is the most likely result in regard to Bruce's claim that he was not subject to jurisdiction in a court located in Virginia? a. Bruce would not be subject to jurisdiction in a Virginia court because he did not live there nor was his store located there. b. Bruce would not be subject to jurisdiction in a Virginia court because a consumer complaint was involved, not a dispute involving two business entities. c. Bruce would be subject to the jurisdiction of courts in Virginia because Tennessee borders Virginia, and federal courts have jurisdiction over citizens from any surrounding state. d. Bruce would be subject to the jurisdiction of courts in Virginia because his contacts with the state were such that maintenance of the suit would not offend traditional notions of fair play and substantial justice.
In the context of financial accounting, if a firm wants to introduce any significant changes in how it prepares its financial statements, _____.
A. it must first pay a fee to the CPA firm conducting its audit B. it must get the changes preapproved from a district magistrate C. it mustget approval for these changes from at least ten other firms working in the same sector D. it must first clearly identify and describe these changes as per the generally accepted accounting principles (GAAP)
Data concerning three of the activity cost pools of Salcido LLC, a legal firm, have been provided below:Activity Cost PoolTotal CostTotal ActivityResearching legal issues$20,480640research hoursMeeting with clients$1,182,2397,253meeting hoursPreparing documents$91,8405,740documents??The activity rate for the "meeting with clients" activity cost pool is closest to:
A. $61 per meeting hour B. $1,182,239 per meeting hour C. $95 per meeting hour D. $163 per meeting hour