The example of Rubbermaid in Wooster, Ohio shows us that
a. international trade is always favorable for the U.S. economy.
b. tariffs can reduce firm mobility, thus keeping jobs in the U.S.
c. although international trade generally benefits all, the movement of firms can have a temporary negative impact on workers in a region.
d. prices always rise to account for price increases in raw materials.
d. prices always rise to account for price increases in raw materials.
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Which of the following is least controllable by the management of a department?
a. sales; b. direct operating margin; c. indirect expenses; d. gross profit margin; e. none of these are controllable by the management of a department
Glisten Co. leases an office to a tenant at the rate of $3,000 per month. The tenant contacted Glisten and arranged to pay the rent for December on January 8 of the following year. Glisten agrees to this arrangement. a) Prepare the journal entry that Glisten must make at year ended December 31 to record the accrued rent revenue.b) Prepare the journal entry to record the receipt of the rent on January 8 of the following year (Assume no reversing entries were made).
What will be an ideal response?
Answer the following statements true (T) or false (F)
1. Empowering segment managers to make decisions increases managers' motivation and retention. 2. Decentralization may cause the company to duplicate certain costs or activities. 3. Decentralized companies rarely struggle to achieve goal congruence. 4. In a decentralized company, segment managers may not fully understand the big picture when making decisions. 5. Managerial accountants can design performance evaluation systems that encourage goal congruence.
Which of the following is a non-cash transaction that should be disclosed in a schedule accompanying the statement of cash flows?
a. Sale of an investment for cash b. Purchase of a machine for cash c. Issuance of common stock in exchange for land d. Declaration and payment of a cash dividend on common stock