A debit memo:
A. reduces the amount of accounts payable due to a vendor.
B. authorizes a debit to purchases when goods are received.
C. is used by vendors to record cash payments received.
D. reduces accounts payable when payment is made.
Answer: A
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Answer the following statements true (T) or false (F)
1.For most nations, the ratio of imports to total purchases in the public sector is much higher than in the private sector. 2.According to the U.S. Buy American Act, federal government agencies cannot purchase materials and products from U.S. suppliers if their prices are higher than those of foreign competitors. 3.For the United States, the Buy American Act has tended to increase consumer surplus for U.S. buyers of protected merchandise. 4.An effective Buy American law would tend to increase U.S. producer surplus at the expense of U.S. consumer surplus. 5.An effective Buy American law results in deadweight welfare losses for the United States in the form of the protective effect and consumption effect.
For a standard normal distribution, the probability of z
0 is
A. 0. B. -0.5. C. 0.5. D. 1.
How does Sterman’s model differ from Nadler and Tushman’s model?
a. Nadler and Tushman’s model considers more perspectives of the organization b. Nadler and Tushman focus on alignment; Sterman focuses on the consideration of a wide variety of variables at play c. Nadler and Tushman’s model considers dynamic forces; Sterman’s model encourages linear thinking d. Nadler and Tushman’s model relies on fit to drive decision making; Sterman’s model stresses causal thinking
Doonan Corporation has provided the following financial data from its balance sheet and income statement: Year 2Year 1Total assets$1,489,000 $1,440,000 Stockholders' equity: Common stock, $4 par value$360,000 $360,000 Additional paid-in capital$70,000 $70,000 Retained earnings$570,000 $550,000 Total stockholders' equity$1,000,000 $980,000 Interest expense$15,000 Income taxes (35%)$14,162 Net income$26,300 The market price of common stock at the end of Year 2 was $4.79 per share.The company's earnings per share for Year 2 is closest to:
A. $0.45 per share B. $0.29 per share C. $6.33 per share D. $0.62 per share