Boeing is incorporated in Seattle, Washington. It has a large facility in Huntsville, Alabama, and is considered a(n) ____ because it conducts business within Alabama.
A. outsider
B. domestic corporation
C. foreign corporation
D. tax write-off
E. alien corporation
Answer: C
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Avoid building barriers by using “______” messages instead of “______” messages.
Fill in the blank(s) with the appropriate word(s).
The calendar year-end adjusted trial balance for Blessinger Co. follows:BLESSINGER CO.Adjusted Trial BalanceDecember 31Cash$ 112,000?Accounts receivable27,000?Prepaid rent15,000?Prepaid Insurance9,000?Office supplies3,300?Office equipment38,000?Accumulated depreciation-Equipment?$3,200Building288,000?Accumulated depreciation-Building?42,000Land700,000?Accounts payable?25,800Salaries payable?14,500Interest payable?2,500Long-term note payable?72,000Common stock?200,000Retained earnings?710,000Dividends200,500?Service fees earned?430,800Salaries expense90,000?Insurance expense5,200?Rent expense5,000?Depreciation expense-Equipment800?Depreciation expense-Building7,000?Totals$1,500,800$1,500,800Required:(a) Determine the amounts of current assets
and current liabilities. (Note: A $9,000 installment on the long-term note payable is due within one year.)(b) Calculate the current ratio. Comment on the ability of Blessinger Co. to meets its short-term debts. What will be an ideal response?
The ______________ describes that when a national currency becomes a reserve currency, over time, people lose confidence in it due to inevitable domestic deficits, and it loses value.
Fill in the blank(s) with the appropriate word(s).
Answer the following statement(s) true (T) or false (F)
1. It is desirable to have decreased manufacturing flexibility. 2. CIM, in the context of manufacturing flexibility, refers to computer integrated manufacturing. 3. In a product-focused layout, each unit of product generally follows the same sequence of processing steps. 4. A heuristic solution approach to the assembly line balancing problem guarantees to find the best solution.