________ pricing is one of the most commonly used pricing tactics, largely because it is easy, but it is not very effective at maximizing profits.
What will be an ideal response?
Markup
Cost-plus
Cost plus
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Dividend reinvestment plans should be avoided because of their relatively high cost.
Answer the following statement true (T) or false (F)
George Company purchased a van on May 1, 2018, for $800,000. Estimated life of the van was five years, and its estimated residual value was $80,000. George uses the straight-line method of depreciation. Prepare the journal entry to record the depreciation expense for 2018 on the van. Omit explanation.
What will be an ideal response?
Details of the manufacturing activity in Amy Corporation's Assembly Department for the month of December is given below: Number of UnitsLabor and Overhead Percent CompleteWork in process inventory, Dec. 110,00070%Started in assembly during the month80,000 Work in process inventory, Dec. 3115,00040%All materials are added at the beginning of processing in the Assembly Department.The equivalent units for materials for the month, using the weighted-average method, is:
A. 81,000 B. 90,000 C. 80,000 D. 70,000
Which concept was not discussed in the textbook as one of the methods organizations commonly use to deal with resistance to change?
a. Education and communication b. Coercion c. Manipulation d. Consultation