When a merger takes well-performing organizations and makes them better it is known as what type of merger?
a. managerial discipline
b. synergistic
c. cooperative
d. conglomerate
e. horizontal
b. synergistic
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The following data is for the Matt Company for 2018: Loss on sale of equipment$4,000 Purchase of Ithaca Corp. bonds (face value $400,000) 375,000 Proceeds from sale of machinery 200,000 Dividends paid 25,000 Proceeds from sale of treasury stock 100,000 The amount reported as net cash from investing activities is:
A. $ 87,500. B. $ (150,000). C. $ 575,000. D. $ (175,000).
On June 3, Win-Tel Company sold merchandize worth $800 on credit, terms 2/10, n/30 . The merchandize sold had cost $550 . The customer paid the amount on June 10 . What is the required journal entry to record the payment received under the periodic inventory system?
a. Accounts Receivable 784 Sales Discounts 16 Cash 800 b. Accounts Receivable 800 Sales Discounts 16 Cash 784 c. Cash 784 Sales Discounts 16 Accounts Receivable 800 d. Cash 800 Sales Discounts 16 Accounts Receivable 816
Spotless Naturals manufactures bulk quantities of cleaning fluids. It currently sells 1100 containers a month at a sales price of $20.00 per unit. If a new fragrance is added, $24.00 per unit could be charged for the improved product. It would cost a total of $800 per month to make that alteration. Operating income would ________.
A) decline by $4400 B) increase by $4400 C) increase by $3600 D) decline by $800
Employees who are fired without cause are entitled to compensation in lieu of notice either to termination pay under employment standards legislation or under the common law but not both
Indicate whether the statement is true or false