Mindset has been traditionally described as:
a. a person’s inherent traits
b. a type of personality
c. a person’s emotional intelligence
d. an established set of attitudes held by someone
d. an established set of attitudes held by someone
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According to the expense recognition principle, inventory costs are expensed as cost of goods sold when inventory is sold.
Answer the following statement true (T) or false (F)
Zhang Industries sells a product for $700. Unit sales for May were 400 and each month's sales are expected to grow by 3%. Zhang pays a sales manager a monthly salary of $3,000 and a commission of 2% of sales in dollars. Assume 30% of Zhang's sales are for cash. The remaining 70% are credit sales; these customers pay in the month following the sale. Compute the budgeted cash receipts for June.
A. $280,000. B. $196,000. C. $282,520. D. $201,880. E. $285,880.
The factor that differentiates flexible factories from traditional factories is that flexible factories
A. tend to focus on multiple products at a time. B. organize work flow around products. C. move large orders through assembly lines. D. avoid decentralized scheduling. E. have relatively longer production runs.
The __________ theory applies to the situation in which owners of a corporation have so mingled their own affairs with those of the corporation that the corporation does not exist as a distinct entity
a. undercapitalization b. alter ego c. per se d. absolute