All of the following are reasons for a company to repurchase its previously issued stock, except:
a. to support the market price of the stock
b. to resell to employees
c. to increase the shares outstanding
d. for bonuses to employees
c
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The choices below depict five costs of Garfield Industries and a possible driver for each cost. Which of these choices likely contains an inappropriate cost driver?
A. Manufacturing overhead incurred in a heavily automated facility; direct labor hours. B. Gasoline consumed; number of miles driven. C. Sales commissions; gross sales revenue. D. Human resources department cost; number of employees. E. Building maintenance cost; building square footage.
A business recorded the payment of an account payable to an office supplies store for supplies purchased earlier on credit. Recording the transaction will:
a. increase an asset, increase a liability. b. decrease an asset, decrease a liability. c. increase an asset, increase owner's equity. d. decrease an asset, decrease owner's equity. e. increase one asset, decrease another asset.
How do companies use wikis?
A) Companies share special deals and incentives in short messages of 140 characters or fewer. B) Corporate teams respond to internal and external customers in rapid-fire posts to emergencies and other high-pressure situations. C) Global companies share information between headquarters and satellite offices. D) Companies post photos and biographies of their top-tier managers.
Marty, a 16-year-old, contracts with Cream-of-the-Crop Cycles to buy an $8,000 motorcycle. Marty agrees to make monthly payments until the purchase price plus interest are paid in full. Which of the following is correct?
a. The contract is voidable by Marty. b. The contract is void as soon as it is made. c. The contract is voidable by Cream-of-the-Crop Cycles. d. The contract is voidable by either Marty or Cream-of-the-Crop Cycles.