Which of the following will discharge an instrument?
a. John asks Bev, an employee, to take money to the bank to pay off a note, but she keeps the money instead.
b. Two people make an oral agreement to discharge.
c. Chet accidentally leaves a check in his pocket and it is destroyed in the washing machine.
d. The terms of the instrument are intentionally changed.
d
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Which of the following is not a current reporting requirement for a statement that reports changes in cash over a period of time?
a. This statement must classify cash flows into three categories: operating, investing, and financing activities. b. Cash equivalents must be combined with cash in preparing this statement. c. Working capital may be used as a substitute for cash in preparing this statement. d. The title for this statement is "Statement of Cash Flows."
______ sit at the head of the organizational structure and are responsible for overseeing top management and ensuring loyalty to shareholders.
A. Boards of directors B. Ethics officers C. Chief operating officers D. Presidents
Universalists believe that ______.
a. the universe is continually expanding b. despite the importance of diversity, people are all, basically, the same c. there are certain principles or values that hold true across all contexts d. business should be conducted the same way everywhere
Kapital, Inc has prepared the operating budget for the first quarter of the year
The company forecast sales of $45,000 in January, $55,000 in February, and $65,000 in March. Variable and fixed selling and administrative expenses are as follows: Variable Expenses: Power cost (20% of sales) Miscellaneous expenses: (10% of sales) Fixed Expenses: Salary expense: $6,000 per month Salaries expense: $5,000 per month Depreciation expense: $1,400 per month Power cost/fixed portion: $600 per month Miscellaneous expenses/fixed portion: $1,200 per month Calculate total selling and administrative expenses for the month of January. A) $27,700 B) $33,700 C) $13,500 D) $30,700