At its most basic form, a marketing channel consists of the producer and the ________
A) retailer
B) sales agent
C) competitor
D) processor
E) consumer
E
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All of the following statements are true regarding the use of a work sheet at the end of an accounting period except:
a. all companies use a ten-column work sheet. b. the net income of the period is extended from the income statement debit column to the balance sheet credit column. c. the beginning balance in the Retained Earnings account is entered initially on the work sheet on the unadjusted trial balance. d. cash is always carried over from the unadjusted trial balance columns of the work sheet to the balance sheet columns without any adjustment.
What are some of the limitations on a company's effective system of internal control?
Time tickets for factory employees during the month of August are summarized as follows:Job 919…………………………………………$ 9,800Job 920…………………………………………14,650Job 921…………………………………………12,250Job 922………………………………………… 16,000Total direct labor……………………………….$52,700Indirect labor…………………………………... 16,800Total labor cost………………………………...$ 69,500??Prepare the necessary journal entries to record factory payroll for direct and indirect labor.
What will be an ideal response?
A one-sign-reversal project should be accepted if it
A) produces an internal rate of return that is greater than the firm's discount rate. B) results in a modified internal rate of return that is higher than the internal rate of return. C) generates an internal rate of return that is higher than the profitability index. D) results in an internal rate of return that is above a project's equivalent annual annuity.