Explain what face-saving is and why face-saving is so important in intercultural relationships.
What will be an ideal response?
Face-saving is the preservation of dignity. It is so important that if a person from an individualistic culture violates this norm when interacting with a member of a collectivistic culture, the relationship they share can suffer.
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A company uses cash to pay all of the following except
a. all of the options are uses of cash b. interest to creditors c. current expenses d. dividends to stockholders
Newbook publishing has just negotiated a contract with an important author. At the end of the negotiations, the author, Pat Conray, makes a "nibbling" request. Create a nibbling request that Pat is most likely to have used.
What will be an ideal response?
In 2016, Cunningham Company determined that it did not accrue $15,000 of interest expense in 2015, which caused a material overstatement of income. Assuming a 35% tax rate, which of the following presents the journal entries that would correct the error?
A) ?Retained Earnings 15,000Interest Payable 15,000?Income Tax Receivable (or Payable) 15,000Retained Earnings 15,000?? B) ?Retained Earnings 15,000Interest Payable 15,000?Income Tax Receivable (or Payable) 5,250Retained Earnings 5,250 C) ?Retained Earnings 9,750Interest Payable 9,750?Income Tax Receivable (or Payable) 5,250Retained Earnings 5,250?? D) ?Retained Earnings 5,250Interest Payable 5,250?Income Tax Receivable (or Payable) 9,750Retained Earnings 9,750
An umbrella manufacturing company's fixed costs are $275,000. The variable cost per unit is $5 and each umbrella is sold at $10. How many units should the firm sell in order to break even?
A) 1,819 B) 5,500 C) 18,000 D) 27,500 E) 55,000