Manuel Acala is a marketing analyst, but he made only $28,000 last year because he was employed only part of the year. He paid $5,000 in taxes and spent another $10,000 for food, housing, a car, and other "necessities." Manuel's discretionary income was
A. $13,000.
B. $28,000.
C. $23,000.
D. $18,000.
E. The information given is insufficient.
Answer: A
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When organizations endeavor (1) to keep their costs (and hence the prices of their products or services) below those of competitors and (2) to target a wide market, they are utilizing a _____ strategy.
A. focused-differentiation B. differentiation C. cost-leadership D. reinventing E. cost-focus
Quality Heating Company has the following liabilities at year end: Notes Payable $20,000 Accounts Payable 15,000 Unearned Contract Revenue 9,000 Wages Payable 2,900 Interest Payable 700 a. Which of these accounts probably was/were created at the end of
the fiscal year as a result of an accrual? Which probably was/were adjusted at year end? Explain your answer. b. Which adjustments probably reduced net income? Which probably increased net income? Explain your answers.
You have been negligent anytime your actions cause others harm
Indicate whether the statement is true or false.
A corporation does not have a legal obligation to pay dividends.
Answer the following statement true (T) or false (F)