Read the information about Moore Industries. What is the company's retained earnings balance at December 31, 2016?
a. $140,000
b. $190,000
c. $240,000
d. $340,000
a
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It is inappropriate for a salesperson to provide information to his/her company on such topics as competitors' activities and market opportunities since doing so would exceed his/her authority and violate customer confidence.
Answer the following statement true (T) or false (F)
Nadal Company On October 1, 2012, Nadal Company received a $50,000 promissory note from Borg Company. The annual interest rate is 6%. Principal and interest will be collected in cash at the maturity date of September 30, 2013. Refer to the information provided for Nadal Company. The effect on Nadal's financial statements on September 30, 2013, is as follows:
A) Assets and equity increase B) No net change in equity C) Assets and liabilities increase D) No net change in assets
The view that businesses are a social and legal construct and not purely private institutions is consistent with:
A. Social movement unionism. B. The shareholder model of corporate governance. C. The corporate social responsibility perspective. D. Profit maximization as the only true business concern.
Acme, Inc., produces widgets. To manufacture a new type of widget, it took 60 hours for the first widget. Acme estimates it has a 90% learning rate. Using the logarithmic approach, calculate the time it will take to manufacture the 35th widget.
a. 34.98 hours b. 29.30 hours c. 44.55 hours d. 22.94 hours