If Comet Corporation buys substantially all the assets of Daimark Corporation, a new corporation will result
Indicate whether the statement is true or false
False
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The asset account, Supplies, has a balance of $10,000 on January 1. During January, $22,000 of supplies were purchased on account and the liability was appropriately recorded. A count of supplies at the end of January indicates a balance of $2,000. What adjusting entry is necessary at January 31?
A) Supplies Expense 22,000Supplies 20,000Accounts Payable 2,000 B) Supplies Expense 24,000Supplies 24,000 C) Supplies Expense 30,000Supplies 30,000 D) Supplies 30,000Accounts Payable 30,000
Cheong Automobiles Company fabricates automobiles
Each vehicle includes one wiring harness, which is currently made in-house. Details of the harness fabrication are as follows: Volume 1,300 units per month Variable cost per unit $12.50 per unit Fixed costs $15,000 per month An Indonesian factory has offered to supply Cheong Company with ready-made units for a cost of $17 for each harness. Assume that Cheong's fixed costs are unavoidable and that Cheong will not be able to use the excess capacity in any profitable manner. If Cheong decides to outsource, monthly operating income will ________. A) increase by $5,850 B) decrease by $15,000 C) increase by $15,000 D) decrease by $5,850
The benefit of using data from a firm's MIS for making marketing strategy decisions is that marketing managers trust the data and are assured of its veracity.
Answer the following statement true (T) or false (F)
?When a manager performs a ____ he/she reviews the results of an employee's performance with the employee soon after completion of the employee's performance review.
A. ?performance feedback interview B. ?performance review C. ?analysis of performance D. ?tell-and-listen review