Shane's Auto Parts orders twenty tires from Tough Tires, Inc The truck delivering the tires to Shane's is in an accident and ten of the tires are damaged. Shane's Auto Parts
a. cannot reject the entire shipment.
b. must still pay for all twenty tires at the original contract price.
c. may inspect the tires and accept the shipment with a reduction in price.
d. must reject the entire shipment.
c
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Barnes Company expects to begin operating on January 1. The company's master budget contained the following operating expense budget: JanuaryFebruaryMarchSalary expenses$36,000 $36,000 $36,000 Sales commissions, 5% of sales 30,000 32,000 24,000 Utilities 2,800 2,800 2,800 Depreciation on store equipment 1,000 1,000 1,000 Rent 7,200 7,200 7,200 Miscellaneous 1,800 1,800 1,800 Total operating expenses$78,800 $80,800 $72,800 Sales commissions are paid in cash in the month following the month in which the expense is recognized. All other expense items requiring cash payment are paid in the month in which they are recognized. The amount of accumulated depreciation appearing on the company's March 31 pro forma balance sheet is:
A. $2,000. B. $3,000. C. $1,000. D. $12,000.
Budgets that plan for facility expansion are known as ____________________ budgets.
Fill in the blank(s) with the appropriate word(s).
Which of the following is true of an economic strike?
A) It is a nonviolent work stoppage for the purpose of protesting an employer's commission of an unfair labor practice. B) It is a protected activity and strikers are entitled to return to their jobs once the strike is over. C) Employers are not allowed to fill economic strikers' jobs while the strike is taking place. D) Since employers cannot permanently replace economic strikers, this strike is considered a potent weapon.
Which of the following is useful to combine the data of different segments using different software for the purpose of creating companywide budgets?
A) accounting development manual B) budgeting software C) financial analysis software D) budget creation manual