Shop n' Pay Convenience Stores, Inc, is a franchisor. Tonya operates a Shop n' Pay franchise. Ulysses is one of Tonya's employees. As a franchisor, if Shop n' Pay controls the day-to-day operations of the business to a significant degree, it may be liable for tortious acts by?
A) no one
B) Shop n' Pay only.
C) Shop n' Pay and Tonya, but not Ulysses.
D) Shop n' Pay, Tonya, or Ulysses.
D
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A weekly reconciliation of cash receipts would include comparing
a. the cash prelist with bank deposit slips b. the cash prelist with remittance advices c. bank deposit slips with remittance advices d. journal vouchers from accounts receivable and general ledger
Olivia Co owns 4,000 of the 10,000 outstanding shares of Hobbitt Corp common stock and exercises significant influence over the company. During 2011, Hobbitt earns $80,000 and pays cash dividends of $30,000 . For the year ended December 31, 2011 Olivia should report income related to the investment equal to
a. $0 b. $12,000 c. $32,000 d. $20,000
Which of the following is NOT a benefit of benchmarking?
A) It helps companies determine where they can improve. B) It does not help management highlight company problems. C) It can be used to compare a company's budgets to other leading companies through the use of industry averages.
How would the declaration of a 20 percent stock dividend by Astros Corporation affect each of the following on Astros' balance sheet? Retained Total Stock- Earnings holders' Equity
a. Decrease Decrease b. Decrease No effect c. No effect Decrease d. No effect No effect