The following expenses were recognized by Koenig Company, a retailer, during 2014: Interest expense ..................................... $100,000 Telephone expense .................................... 83,000 Loss on sale of store equipment ...................... 37,000 Legal fees ........................................... 64,000 Officers' salaries ................................... 105,000
What should Koenig report as general and administrative expenses for 2014?
a. $252,000
b. $289,000
c. $284,000
d. $389,000
A
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________ may be a common characteristic of the members of a homogeneous group.
A. Skills and abilities B. Demographics (age, race, gender, education, etc.) C. Personality D. All of the choices are correct.
Saffexo, a company that manufactures sports goods, hikes the prices of its entire range of athletic shoes. However, the company does not experience a fall in the sales of its shoes following the hike as the consumers continue to buy them. The information given in the scenario indicates that Saffexo has a good _____.
A. brand valuation B. product consistency C. brand equity D. product mix
Hirons Air uses two measures of activity, flights and passengers, in the cost formulas in its budgets and performance reports. The cost formula for plane operating costs is $56,840 per month plus $2,874 per flight plus $13 per passenger. The company expected its activity in November to be 86 flights and 255 passengers, but the actual activity was 89 flights and 257 passengers. The actual cost for plane operating costs in November was $305,100. The spending variance for plane operating costs in November would be closest to:
A. $10,867 U B. $2,219 F C. $2,219 U D. $10,867 F
The four-factor model used to construct performance benchmarks for mutual funds uses the three Fama and French factors and one additional factor related to _________.
A. the tenure of the fund manager B. momentum C. fees D. the age of the fund manager