Data from Dunshee Corporation's most recent balance sheet appear below: Year 2Year 1Current assets: Cash$130 $100 Accounts receivable, net 270 290 Inventory 90 110 Prepaid expenses 10 10 Total current assets$500 $510 Total current liabilities$230 $220 Sales on account in Year 2 amounted to $1,170 and the cost of goods sold was $730.The average sale period for Year 2 is closest to:
A. 227.7 days
B. 50.0 days
C. 45.0 days
D. 28.1 days
Answer: B
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A 3-for-1 stock split will reduce the per share par value and will:
A. increase owners' equity. B. increase the total par value of the common stock. C. decrease earnings per share. D. decrease the number of shares proportionately.
Which of the following is true of economic communities?
A) They are groups of nations organized to work toward common goals. B) They were formed to increase trade barriers between member nations. C) They were formed to mediate global trade disputes. D) They require member countries to establish one currency. E) They tend to improve imports and hinder exports.
Answer the following statements true (T) or false (F)
1. Research supported the behavioral theory assumption that happy employees would be productive. 2. The Hawthorne effect refers to the phenomenon that just studying people affects their performance. 3. Management science theory is more closely related to classical approaches to management than it is to the behavioral approaches. 4. The systems theory of management focuses on individual systems and how they work.
Selected information from the accounting records of Monroe Manufacturing Company follows: Net sales ............................................ $3,600,000 Cost of goods sold ................................... 2,400,000 Inventories at January 1 ............................. 672,000 Inventories at December 31 ........................... 576,000 What is the number of days' sales in average
inventories for the year? a. 102.2 b. 94.9 c. 87.6 d. 68.1