The manager of the Dairy Barn must decide whether to introduce a new frozen dessert that has not been previously sold. What type of decision would this represent?
A. automatic
B. inconsequential
C. predetermined
D. nonprogrammed
E. rule-based
Answer: D
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According to ______ theory, goal setting is most effective when there is feedback showing progress toward the goal.
Fill in the blank(s) with the appropriate word(s).
On April 6, Year 1, Gringotts Company purchased $140,000 of merchandise inventory. Terms of the purchase included a discount of 3/20, n/30 and the freight terms were FOB destination. Freight costs amounted to $4,600. Gringotts paid the account payable on April 24. Gringotts sold all inventory for $189,500.Required: What is the amount of gross margin that will be shown on the income statement?
What will be an ideal response?
Determine the fixed cost of a pencil manufacturing company per year if its breakeven point is 300,000 packets of pencils, selling price of each packet of pencil is $3, and the cost of equipment and labor to manufacture one packet of pencil is $1.
A. $300,000 B. $400,000 C. $500,000 D. $600,000
Under GASB standards, if a government only has six governmental funds and two enterprise funds how many basic financial statements would it prepare?
A. Six. B. Five. C. Nine. D. Seven.