The accumulated depletion of a natural resource is reported on the
a. balance sheet as depreciation from the cost of the resource
b. income statement as a deduction from revenues
c. income statement as an increase in revenue
d. balance sheet as a deduction from the cost of the resource
d
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Scarcity appeals:
A) only work in children's advertising because adults are aware of the ploy B) do not work for children because they cannot process the information C) urge consumers to buy a product because of some kind of limitation D) urge consumers to save money to buy the product later
Under the UCC, a holder in due course is a holder who has given value for the instrument. Which of the following holders have given value for the instrument?
a. Beth promises to paint the neighbor's house in exchange for a promissory note as an advance payment for the job. b. Steve gives a note and mortgage on his house to his attorney as a retainer to handle his pending divorce. c. Todd, a newspaper carrier, accepts a properly indorsed two-party check for the past two months of deliveries. d. All of the above are correct.
Which of the following is true regarding the changes that a manager's job is undergoing?
A. Managers practicing sustainability integrate economic, environmental, and social opportunities into the business strategy. B. Digitization hardly affects a manager's responsibilities. C. According to managers, employees contribute the least to the success of a customer service organization. D. Innovative efforts are exclusively important for managers serving in high-tech organizations.
A company has gross profit of $58,500 and a gross profit percentage of 30%. What were the company's net sales?
A. $76,050. B. $195,000. C. $860,010. D. $17,550.