When doing pair programming, which person(s) chooses a partner programmer?
A) the programmers
B) management
C) the project leaders
D) the project team
A
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If a sales contract requires or authorizes the seller to ship goods by carrier, when does the risk of loss pass to the buyer if the contract does not require delivery at a particular destination?
a. At the time the goods are properly delivered to the carrier. b. At the time the carrier tenders the goods to the buyer. c. At the time the contract is initially entered into. d. Not until the buyer has received the goods and had a chance to inspect them.
Discretionary sources of financing are those sources that vary automatically with a firm's level of
sales. Indicate whether the statement is true or false
The management team of Wickersham Brothers Inc. is preparing its annual financial statements. The statements are complete except for the statement of cash flows. The completed comparative balance sheets and income statements are summarized. Current YearPrior Year ??Balance Sheet ??Assets ??Cash $50,000 $72,000 ??Accounts Receivable 80,000 70,000 ??Merchandise Inventory 60,000 65,000 ??Property and Equipment 110,000 60,000 ??Less: Accumulated Depreciation (30,000) (15,000) ??Total Assets $270,000 $252,000 ??Liabilities: ??Accounts Payable $10,000 $12,000 ??Salaries and
Wages Payable 2,000 1,000 ??Notes Payable, Long-Term 50,000 60,000 ??Stockholders' Equity: ??Common Stock 100,000 80,000 ??Retained Earnings 108,000 99,000 ??Total Liabilities and Stockholders' Equity $270,000 $252,000 ??? Current Year ?Income Statement ?Sales$200,000 ?Cost of Goods Sold 110,000 ?Depreciation Expense 15,000 ?Other Expenses 50,000 ?Net income$25,000 ?? Other information from the company's records includes the following:• Bought equipment for cash, $50,000.• Paid $10,000 on long-term note payable.• Issued new shares of common stock for $20,000 cash.• Cash dividends of $16,000 were declared and paid to stockholders.• Accounts Payable arose from inventory purchases on credit.• Income Tax Expense ($4,000) and Interest Expense ($3,000) were paid in full at the end of both years and are included in Other Expenses.Required:Prepare a schedule summarizing operating, investing, and financing cash flows using the T-account approach. What will be an ideal response?
A manager measures right and wrong as the “greatest happiness for the greatest number”. Which ethical guideline is he/ she following?
a. Capitalistic b. Egoistic c. Altruistic d. Pluralistic