[APPENDIX] Gordon Vending, a sole proprietorship, had the following balances and transactions during 2015: beginning capital, $40,000; contribution of cash to the business by the owner, $15,000; revenue, $60,000; expenses, $35,000; withdrawal by the owner, $5,000 . What is the amount of the ending capital balance?
a. $40,000
b. $60,000
c. $75,000
d. $85,000
c
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The release of the new Harry Potter book brought excitement in Enid's neighborhood. The local Book Universe store sold thousands of vouchers for the night of the release. The store invited Harry Potter enthusiasts to come for a party at the store that lasted until midnight when the book would be available for purchase. Book Universe developed a customer retention program based on
A. creating a sense of community among its customers. B. 1-to-1 retailing programs. C. a market basket analysis. D. the concept of add-on selling offers for preferred customers. E. a tiered rewards program.
In a graph of variable costs, the slope of the line is dependent on the variable costs per unit
Indicate whether the statement is true or false
One approach to using culture to understand international negotiation recognizes that all cultures contain dimensions or tensions sometimes best illustrated in parables such as "too many cooks spoil the broth" and "two heads are better than one." This best describes which of the following approach options?
A. culture as dialectic B. culture in context C. culture as shared values D. culture as learned behavior
Notes to the Year 2 financial statements of Care Corporation indicate that income tax expense of $3,000 comprises $2,000 currently payable taxes and $1,000 deferred to future periods. Care Corporation made the following entry during Year 2 to recognize income tax expense: Income Tax Expense . . . . . . . . . . . . . . 3,000 Income Tax Payable . . . . . . . . . . . . . . . . . . . . . . . . 2,000
Deferred Income Taxes Payable . . . . . . . . . . . . . . . 1,000 The $1,000 of deferred income taxes reduced net income but did not require a cash outflow during Year 2 . To explain the change in the Deferred Income Taxes account, the T-account work sheet must. a. subtract deferred income taxes from net income to derive cash flow from operations. b. add back deferred income taxes to net income to derive cash flow from operations. c. add back deferred income taxes to net income to derive cash flow from financing. d. subtract deferred income taxes from net income to derive cash flow from financing. e. add back deferred income taxes to net income to derive cash flow from investing.