Family-owned businesses run by husband-and-wife teams are referred to as copreneurs.
Answer the following statement true (T) or false (F)
True
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Underestimating the number of tons of a mineral that can be mined over a mineral deposit's life will result in
a. overstated total assets each year. b. overstated net income each year. c. overstated depletion expense each year. d. no effect on total assets each year.
A company made the following merchandise purchases and sales during the month of May:May 1Purchased380 units at$15 eachMay 5Purchased270 units at$17 eachMay 10Sold400 units at$50 eachMay 20Purchased300 units at$22 eachMay 25Sold400 units at$50 eachThere was no beginning inventory. If the company uses the FIFO periodic inventory method, what would be the cost of the ending inventory?
What will be an ideal response?
Cooperative purchasing organizations are firms that specialize in the purchasing function and provide this service to small businesses.
Answer the following statement true (T) or false (F)
A growing trend to "Buy American" has caused U.S. automakers to increase political pressure on Washington to pass legislation for more restrictive quotas on Japanese car imports. In addition, a decline in the value of the U.S. dollar would be instrumental in Toyota's decision to build a manufacturing plant in the United States instead of continuing to export cars from Japan. If Toyota builds the plant, its decision would reflect
A. a proactive maneuver to manipulate and impact the social environmental force. B. a positive result from regulatory and economic environmental forces. C. a negative impact as a result of adverse competitive, regulatory, and technological environmental forces. D. a positive response to a technological environmental force. E. a reactive strategy that would impact the competitive environmental force.