During the era of internationalization, what was the main tool to incentivize employees to work overseas?
a) International experience
b) Promotion
c) Adventure
d) Financial
d) Financial
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Ruby and Anita are partners. Ruby has a capital balance of $270,000 and Anita has a capital balance of $180,000. Denis contributes a building with a current market value of $170,000 to acquire an interest in the new partnership. Which of the following is TRUE of the journal entry to record this transaction? (Assume no bonus to any partner.)
A) Building will be debited for $170,000, Ruby, Capital and Anita, Capital will be credited for $85,000 each. B) Building will be debited for $170,000 and Denis, Capital will be credited for $170,000. C) Ruby, Capital and Anita, Capital will be debited for $85,000 each and Denis, Capital will be credited for $170,000. D) Ruby, Capital and Anita, Capital will be credited for $85,000 each and Denis, Capital will be debited for $170,000.
The gross margin pricing method computes unit selling price based on production costs rather than total costs
Indicate whether the statement is true or false
A company wants to decrease its $200 petty cash fund to $175. The entry to reduce the fund is:
A. Debit to Cash $25; credit Petty Cash $25. B. Debit Petty Cash for $175; debit Cash Over and Short $25; credit Cash $200. C. Debit Petty Cash $25; credit Cash $25. D. Debit Cash Over and Short for $25; credit Petty Cash $25. E. Debit Miscellaneous Expenses $25; credit Cash $25.
A ______ contract includes a return clause that allows the supplier to buy back unsold inventory up to a specified amount at an agreed-upon price.
A. buyback B. quantity-flexibility C. revenue-sharing D. cost-plus