Benefits are ______ compensation.
A. salary
B. wage
C. job
D. indirect
D. indirect
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The percentage of sales method emphasizes proper estimating and reporting of bad debt expense on the income statement and the matching of expenses with revenues
a. True b. False Indicate whether the statement is true or false
The budgeted payment for labor cost each period would be found in the
a. labor budget. b. pro forma income statement. c. selling, general, and administrative expense budget. d. cash budget.
Contribution margin divided by revenue is referred to as the ________________________________________
Fill in the blank(s) with correct word
Dalton's neighbour, Rosemary, was a retired lawyer who handled all her own investments in the stock market
Rosemary was very successful with her investment decisions and would sometimes tell Dalton the various shares that she was considering purchasing if they happened to meet outside their homes. Dalton often followed up on his conversations with Rosemary, and would tell her how happy he was with the results in the shares they had talked about. One day Rosemary seemed more than usually enthusiastic about a particular share offering and Dalton decided to invest a large amount of his retirement money in it. Needless to say, after a small rise in price the value of the shares went south and Dalton lost $35,000. Dalton is very angry and wants to sue Rosemary for her financial advice, which of the following is TRUE? A) Dalton would be as he was a non-client of whom Rosemary had actual knowledge at the time the advice was given. B) Dalton will not be successful as it was not reasonably foreseeable that he would rely on Rosemary's information. C) Dalton would not be successful as the advice was not given in a business context. D) Dalton would be successful because it was reasonable for him to rely on Rosemary's advice in the circumstances E) Dalton would be successful because Rosemary knew he sometimes relied on her information.