Which of the following inventory valuation methods should be used for unique items?
A) first-in, first-out
B) last-in, first-out
C) weighted-average
D) specific identification
D) specific identification
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Which of the following would be least important in assessing a company’s adherence to the socially responsible investing (SRI) approach?
a. profitability b. environmental impact c. social performance d. management pay scale
What is it called when an organization needs to identify and respond to changing social and ethical conditions?
A. issues management B. corporate social responsibility C. impression management D. responsiblity
Ron, the manager of Sav-Mart Discount Store, detains Tina, whom Ron suspects of shoplifting. Tina sues Ron, alleging that the detention was false imprisonment. Ron is liable if Tina
A. did not actually shoplift. B. had not shoplifted in the past. C. had probable cause to leave the premises. D. was detained for an unreasonably long time.
Tyler has rented a house from Camarah since last year. The rent is usually $1,200 per month, but Camarah reduced the monthly rent down to $200 for all twelve months this year in exchange for Tyler putting in an inground pool in the backyard. The improvement has a fair market value of $20,000. How much total rental income must Camarah report this year?
A. $22,400 B. $12,000 C. $14,400 D. $2,400