Explain the phrase “it takes money to make money” as it relates to the importance of the capital expenditures budget.
What will be an ideal response?
The capital expenditures budget includes all planned major asset investments. These major assets are typically those that last and are paid for over a period of several years and it is these assets that enable the company to make a profit. For instance, a company uses the capital expenditures budget to purchase land for a plant, build the plant, purchase the necessary equipment for the plant, etc., all of which are needed in order for the company to make the product from which it will earn a profit.
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Which of the following is NOT necessarily a warning sign of a crisis?
A) surprise B) insufficient information C) escalating events D) angry employees
The Harold Corporation just started business in January of 2010. They had no beginning inventories. During 2010 they manufactured 12,000 units of product, and sold 10,000 units. The selling price of each unit was $20. Variable manufacturing costs were $4 per unit, and variable selling and administrative costs were $2 per unit. Fixed manufacturing costs were $24,000 and fixed selling and
administrative costs were $6,000. What would be the difference in Harold Corporation's Net income for 2010 if they used direct costing instead of absorption costing? A) No difference B) $2,000 greater C) $4,000 less D) $6,000 less
Deming's __________ cycle of continuous improvement promoted the adoption of fourteen principles to make any organization efficient and capable of solving almost any problem.
A. plan-do-check-act B. plan-check-act-do C. act-do-check-plan D. act-plan-check-do E. check-plan-act-do
In general, a crime consists of two elements: (1) the wrongful or overt act and (2) the criminal or mental intent. Discuss the following concepts of criminal law and how and why the general elements of criminal action are altered, extended, or eliminated. In addition, give examples corresponding to each concept of the type of conduct that could be a criminal act
a. Objective fault b. Vicarious liability c. Corporate liability