Ahmed's job with a communication company involves maintaining the relationship between it and the community. This involves interacting with local organizations to find those who are unemployed and actively seeking work in order to assist them by providing phone cards for use in their job search. In this scenario, Ahmed performs the role of a(n)
A. adjustment officer.
B. manager.
C. liaison.
D. social worker.
E. contact.
Answer: C
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The U.S. Supreme Court hears new evidence and testimony that was not permitted in the U.S. district court.
Answer the following statement true (T) or false (F)
Under U.S. GAAP, assets and liabilities in the balance sheet appear in order of
a. decreasing closeness-to-cash. b. increasing closeness-to-cash. c. alphabetical order. d. numerical order. e. all of the above.
A corporation sold 14,000 shares of its $1 par value common stock at a cash price of $13 per share. The entry to record this transaction would include:
A. A credit to Paid-in Capital in Excess of Par Value, Common Stock for $196,000. B. A debit to Paid-in Capital in Excess of Par Value, Common Stock for $182,000. C. A credit to Common Stock for $14,000. D. A credit to Common Stock for $182,000. E. A debit to Cash for $14,000.
The Blatz Brewing Company produces 25 million hectolitres of beer each year. To put this in perspective, California consumed that much beer last year. A sales forecast for Blatz is provided in the top row of the table
Blatz sells its beer at a wholesale price of US$85 per hectoliter. All sales are on account and 75% of receivables are collected after 1 month, while 25% are collected after 2 months. Blatz buys barley, hops and yeast one month before the sale. Raw materials cost 15% of the wholesale price of the beer. Blatz purchases its raw materials on account and pays its suppliers one month after the purchase. Average monthly overhead expenses are $35M (wages, salaries, heat, water, electricity, selling, general and administration). What are Blatz' net cash flows in March? Sales Forecast and Cash Budget Blatz Brewing Company January February March April Sales Forecast - millions of hectoliters 1 1 1.5 2 Sales Forecast - millions of dollars $85 $85 $128 $170 Collections from last month Collections from 2 months ago Total Cash Inflows Purchases from Suppliers Payments to Suppliers Overhead Expenses 35 35 35 35 Total Disbursements Net Cash Flow A) $11 B) $31 C) $38 D) $64 E) $68