John is a new employee at IronMakers Inc. He wants to be a supervisor. Therefore, he socializes with the supervisors of the organization. He feels important when he is with them. In the context of the reasons for joining groups, which of the following is the reason why John likes to associate with the supervisors in his company?
A. Common goals
B. Achievement of personal objectives
C. Closeness
D. Strength in numbers
Answer: B
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Isabellas, Inc., a local convenience store, sells soft drinks. It sells two large drinks for every small drink. A large drink sells for $3.00 with a variable cost of $0.80. A small drink sells for $1.00 with a variable cost of $0.50. The weighted average contribution margin is ________. (Round any intermediate calculations and your final answer to the nearest cent.)
A) $1.35 per drink B) $4.90 per drink C) $1.63 per drink D) $2.20 per drink
Free cash flow will increase if a company increases its accounts payable balance by delaying payments to suppliers.
Answer the following statement true (T) or false (F)
Which statement characterizes the time value of money concept?
A. The present value of a future dollar is greater than one dollar. B. The timing of cash flows is not relevant to decision making. C. The future value of a present dollar is greater than one dollar. D. None of these answers are correct
The global code of ethics for the accounting profession is called:
A. AICPA Code of Professional Conduct B. IMA Ethical and Professional Standards C. Handbook of the Code of Ethics for Professional Accountants D. Public Interest Framework for the Accountancy Profession