Until 1980, the most notable feature of Ireland's labor relations system was:
A. Peak-level bargaining
B. The prevalence of strikes
C. Enterprise unionism
D. A high union density rate
Answer: B
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What will be an ideal response?
Following are selected data from the financial statements of Mother Nature Supplies: 2017 2016 Accounts receivable $ 60,000 $ 38,000 Merchandise inventory 12,000 16,000 Total assets 450,000 380,000 Net sales 380,000 270,000 Cost of goods sold 160,000 210,000 Refer to the data for Mother Nature Supplies. Which of the following would not result from a vertical analysis of its balance sheet?
a. Accounts receivable increased $22,000 or 36.7% during 2017. b. Accounts receivable is five times larger than Merchandise inventory in 2017. c. Accounts receivable is 13.3% of total assets for 2017. d. Merchandise inventory is 2.7% of total assets for 2017.
Use the following information to answer the question below. The following transactions involving Lupine Corporation occurred during the year: Apr. 1 Purchased 2,000 shares of its own preferred stock for $20, the current market price. This is the first transaction involving its own stock engaged in by the company. May 3 Sold 400 of the shares purchased on April 1 for $25 per share. June 5 Retired
600 of the shares purchased on April 1 . The original issue price was $10 . The par value of the stock is $5. The entry to record the April 1 transaction would be: a. Cash 40,000 Treasury Stock, Preferred 40,000 b. Retained Earnings 40,000 Cash 40,000 c. Paid-in Capital, Preferred 40,000 Treasury Stock, Preferred 40,000 d. Treasury Stock, Preferred 40,000 Cash 40,000
Which of the following correctly describes the term cost driver?
A) the inflation rate that causes costs to rise B) the average inventory costs incurred at any point of time C) the primary factor that causes a cost to be incurred D) the total material, labor, and overhead costs of a completed job