Sustainability refers to ______.
a. the use of methods, systems, and materials that will not deplete resources or harm natural cycles
b. a company’s ability to ensure that suppliers deliver raw materials and other inputs on a timely basis over an extended period
c. the financial capability of a firm to maintain its operations without resorting to external funding
d. the use of proper methods for maintaining the longevity of machines and other equipment
a. the use of methods, systems, and materials that will not deplete resources or harm natural cycles
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Park, Inc purchased merchandise from Jay Zee Music Company on June 5, 2016 . The goods were shipped the same day. The merchandise's selling price was $15,000 . The credit terms were 1/10, n/30 . The shipping terms were FOB shipping point. Park received the merchandise on June 10, 2016 . Park paid the amount due on June 13, 2016. Park uses the periodic inventory system. What effect does recording
the purchase of merchandise on June 5, 2016 have on Park's accounting equation? a. Liabilities and stockholders' equity decrease. b. Liabilities increase and stockholders' equity decreases. c. Assets and liabilities increase. d. Assets and stockholders' equity increase.
The following information relates to the defined benefit pension plan of the Steamer Company for the year ending December 31 . 2014: Projected benefit obligation, January 1 .............. $4,600,000 Projected benefit obligation, December 31 ............ 4,729,000 Fair value of plan assets, January 1 ................. 5,035,000 Fair value of plan assets, December 31 ............... 5,565,000
Expected return on plan assets ....................... 450,000 Amortization of deferred gain ........................ 32,500 Employer contributions ............................... 425,000 Benefits paid to retirees ............................ 390,000 Settlement rate ...................................... 10% The net periodic pension cost reported in the income statement for 2014 would be a. $11,500. b. $24,000. c. $36,500. d. $59,000.
A study of buying behavior reveals that most people make buying decisions based on:
A) a combination of emotional and rational buying motives B) emotional buying motives only C) rational buying motives only D) social buying motives only E) group theory motives only
Describe the conflict between the need for cost information to make managerial decisions and the timing of the availability of actual cost data. How do companies resolve this conflict?
What will be an ideal response?