Using current sales as a predictor, which of the following products would likely be most effectively sold using direct selling?
A) women's shoes
B) cleaning products
C) baby furniture
D) automobiles
E) pet food
B
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As owner and senior accountant at a tax preparation firm, Mark is changing the work schedule of all employees, including managers and accountants, for the months of March and April, the company's busiest time. He is requiring everyone to work on weekends, just as he has during the tax-preparation season for the last ten years. Mark should expect that his employees will be
A. terribly upset and will quit. B. moderately upset but not willing to quit. C. moderately upset and complain. D. hardly upset or not upset at all. E. terribly upset but not quit.
Blanton Corporation purchased 35% of the outstanding shares of common stock of Worton Corporation as a long-term investment. Subsequently, Worton Corporation reported net income and declared and paid cash dividends. What journal entry would Blanton Corporation use to record the dividends it receives from Worton Corporation?
a. debit Investment in Worton Corporation Stock; credit Cash b. debit Cash; credit Dividend Revenue c. debit Investment in Worton Corporation Stock; credit Income of Worton Corporation d. debit Cash; credit Investment in Worton Corporation Stock
If a stock's price is $20 at the beginning of a year and $17 at the end of the year, and it pays a dividend of $2 during the year, then the stock's capital-gains yield is ____ percent.
A. ?15 B. ?5 C. 5 D. 15
In contrast with a multiple-step income statement, a single-step income statement does not show the amount of
a. income taxes on continuing operations. b. cost of goods sold. c. gross profit. d. earnings per share.