________ decisions often have long-run effects and are harder to change.
A. People
B. Price
C. Place
D. Promotion
E. Product
Answer: C
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Megan Corporation's net income last year was $98,000. Changes in the company's balance sheet accounts for the year appear below: Increases(Decreases)Asset and Contra-Asset Accounts: Cash and cash equivalents$( 3,000) Accounts receivable$( 14,000) Inventory$3,000 Prepaid expenses$( 7,000) Long-term investments$80,000 Property, plant, and equipment$55,000 Accumulated depreciation$58,000 Liability and Equity Accounts: Accounts payable$0 Accrued liabilities$15,000 Income taxes payable$( 11,000) Bonds payable$( 30,000) Common stock$20,000 Retained earnings$62,000 The company paid a cash dividend of $36,000 and it did not dispose of any long-term investments or property, plant, and equipment. The company did not issue any bonds
payable or repurchase any of its own common stock. The following question pertain to the company's statement of cash flows.The net cash provided by (used in) financing activities last year was: A. $(10,000) B. $46,000 C. $(46,000) D. $10,000
Higher fixed costs decrease the total contribution margin required to break even
Indicate whether the statement is true or false
A ____ is issued by the exporter's bank, ordering the importer's bank to pay for the merchandise.
A. license B. letter of credit C. bill of lading D. draft E. voucher
Which of the following describes an RFID tag?
A. An electronic identification device that is made up of a chip and antenna. B. Does not have a power source. C. Has its own transmitter and a power source (typically a battery). D. A transmitter/receiver that reads the contents of RFID tags in the area.