Leonard Williams purchased 300 shares of a stock selling for $19.74 a share. His broker charged him $215.75 in commission. What was the total cost of the stock to Leonard?
$6,137.75
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_______________ is a plan of action to achieve a particular set of objectives.
A. Vision B. Strategic advantage C. Strategy D. “Managing Up” E. “Vision + Mission = FOCUS”
A water pipe bursts, flooding an Invidious Workplace Company utility room and tripping the circuit breakers on a panel in the room. Invidious contacts Jordan, a licensed electrician with five years experience, to check the damage and turn the breakers back on. Without testing for short circuits, which Jordan knows that she should do, she tries to switch on a breaker. Jordan is electrocuted and disabled, but survives to sue Invidious for damages, alleging negligence. What might Invidious claim in defense?
What will be an ideal response?
What basic promotion objective should be sought by a producer whose product is very similar to its many competitors' products?
A. reminding B. persuading C. promoting D. informing E. communicating
During August, Boxer Company sells $363,000 in merchandise that has a one year warranty. Experience shows that warranty expenses average about 4% of the selling price. The warranty liability account has a credit balance of $13,500 before adjustment. Customers returned merchandise for warranty repairs during the month that used $10,100 in parts for repairs. The entry to record the customer warranty repairs is:
A. Debit Warranty Expense $14,520; credit Estimated Warranty Liability $14,520. B. Debit Estimated Warranty Liability $14,520; credit Parts Inventory $14,520. C. Debit Warranty Expense $10,100; credit Estimated Warranty Liability $10,100. D. Debit Warranty Expense $11,120; credit Estimated Warranty Liability $11,120. E. Debit Estimated Warranty Liability $10,100; credit Parts Inventory $10,100.