After all of the account balances have been extended to the Balance Sheet columns of the work sheet, the totals of the debit and credit columns are $37,875 and $32,735, respectively. What is the amount of net income or net loss for the period?
A) $5,140 net income
B) $37,875 net loss
C) $5,140 net loss
D) $32,735 net income
A
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Which of the following is a professional service enterprise?
a. Bookstore; b. Veterinary clinic; c. Pharmacy; d. Recording studio; e. All of these are professional service enterprises
Assume that Microsoft and Sony both plan to introduce a new hand-held video game. Microsoft plans to use a heavily automated production process to produce its product while Sony plans to use a labor-intensive production process. The following revenue and cost relationships are provided:
Required: (a) Compute the contribution margin per unit for each company.(b) Prepare a contribution income statement for each company assuming each company sells 8,000 units.(c) Compute each firm's net income if the number of units sold increases by 10%.(d) Which firm will have more stable profits when sales change? Why?
What will be an ideal response?
Which of the following is NOT a factor that the outcomes of negotiation are thought to be contingent on?
A. The negotiation situation B. The negotiation topic C. The process of negotiation D. The negotiation style
Which of the following constitutes a defense to US challenges of employment decisions abroad?
a. The foreign employer is controlled by a foreign person. b. Foreign compulsion. c. Bona Fide Occupational Qualification. d. All of the above