Where can leaders be found in an organization?
a. at all levels of management
b. only at executive levels
c. only in formal roles or positions
d. only outside of management positions
a. at all levels of management
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________ is the money available to a firm to cover the costs of marketing its products, operating the business, and profit.
A. Final discount B. Operating factor C. Price factor D. Net profit E. Gross profit
Which of the following is correct regarding the treatment of short-term obligations expected to be refinanced?
a. If an obligation has actually been refinanced or a firm refinancing agreement is in place by the date financial statements are issued, then reclassify the short-term obligation as long-term b. Classify the short-term obligation as long-term if the obligation has been refinanced by the date the financial statements are issued c. Classify the short-term obligation as long-term if the obligation has been refinanced by the balance sheet date. d. There is no provision for reclassifying short-term obligations expected to refinanced as long-term obligations under international accounting standards.
A corporation issued 2,500 shares of its no par common stock at a cash price of $11 per share. The entry to record this transaction would be:
A. Debit Cash $27,500; credit Common Stock $27,500. B. Debit Treasury Stock $27,500; credit Cash $27,500. C. Debit Cash $27,500; credit Paid-in Capital in Excess of Par Value, Common Stock $2,500; credit Common Stock $25,000. D. Debit Common Stock $27,500; credit Cash $27,500. E. Debit Treasury Stock $2,500; debit Paid-in Capital in Excess of Par Value, Treasury Stock $25,000; credit Common Stock $27,500.
Customer Requests Information for Returning Product The customer service department of Software Solutions received a letter from Latif Ahmed stating that he placed an order for the AccTabs accounting software and instead received a software package
entitled ThirdWave. He would like to receive a UPS account number to use when returning the product so that he will not have to pay the shipping, as well as instructions for packaging and labeling the returned product. Required: Write an e-mail message as the customer service manager of Software Solutions responding to Mr. Ahmed's requests. Include an appropriate subject line and message body in your solution.