There are three directors' seats up for election. If you own 1,000 shares of stock and you can cast 1,000 votes in each of the three elections, then the firm uses the voting procedure referred to as:
A) cumulative voting.
B) absolute priority voting.
C) sequential voting.
D) straight voting.
E) market share voting.
D) straight voting.
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Which of the following statements is true of the use of computer software scheduling systems?
A. The burden of unpredictable scheduling of sales associates is eliminated. B. The system benefits the employees but has an adverse effect on retailers and customers. C. The software analyses sales, transactions, and customer traffic for each time period. D. The software often recommends the use of full-time employees. E. The software often recommends the use of regular and predictable work hours.
The following information is from the 2019 records of Albert Book Shop:
Bad debts expense is estimated by the aging-of-receivables method. Management estimates that $5200 of accounts receivable will be uncollectible. Calculate the amount of bad debts expense for 2019.
A) $4300
B) $6900
C) $3500
D) $5450
Mandich Co. had the following amounts for its assets, liabilities, and stockholders' equity accounts just before filing a bankruptcy petition and requesting liquidation: Book Value Net Realizable ValueCash$10,000 $10,000 Accounts receivable 100,000 60,000 Inventory 350,000 350,000 Land 110,000 75,000 Building and equipment 700,000 300,000 Accounts payable 100,000 Salaries payable 70,000 Notes payable (secured by inventory) 300,000 Employees' claims for contributions to pension plans 10,000 Taxes payable 80,000 Liability for accrued expenses 25,000 Bonds payable 500,000 Common stock 200,000 Additional paid-in capital 100,000 Retained earnings
(deficit) (115,000) ??Of the salaries payable, $30,000 was owed to an officer of the company. The remaining amount was owed to salaried employees who had not been paid within the previous 80 days: John Webb was owed $10,600, Samantha Jones was owed $15,000, Sandra Johnson was owed $11,900, and Dennis Roberts was owed $2,500. The maximum owed for any one employee's claims for contributions to benefit plans was $800. Estimated expense for administering the liquidation amounted to $40,000.?On a statement of financial affairs, what amount would have been shown as assets available to pay liabilities with priority and unsecured creditors? A. $495,000. B. $795,000. C. $445,000. D. $660,000. E. $390,000.
The fixed costs of existing facilities are usually included in the analysis for special order decisions
Indicate whether the statement is true or false