______________ is a set of rules determining how each department will implement the strategic plan, while ________________ focuses on how the different departments of the organization comply with the company’s vision.
What will be an ideal response?
Functional strategy and Divisional strategy
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Which of the following adjusting entries involves the recognition of an accrued expense?
A) recording depreciation on a long-lived asset B) writing off the portion of an insurance policy that has expired C) recognition of salaries owed to employees for work done during the current period that will be paid during the next accounting period D) recognition of bad debt losses that are expected to result from making sales on credit terms
Feathertouch Company sold merchandize worth $800 on credit, terms n/15 . The merchandize sold had cost $550 . What is the required journal entry to record the transaction and to transfer the cost of merchandize inventory to cost of goods sold under the periodic inventory system?
a. Accounts Receivables 800 Sales 800 No entry for transfer to cost of goods sold. b. Sales 800 Accounts Receivables 800 Merchandize Inventory 550 Cost of Goods Sold 550 c. Accounts Receivables 800 Merchandize Inventory 800 Cost of Goods Sold 250 Merchandize Inventory 250 d. Merchandize Inventory 800 Sales 800 Cost of Goods Sold 550 Merchandize Inventory 550
If the pure expectations theory of the term structure is correct, which of the following statements would be CORRECT?
A. An upward-sloping yield curve would imply that interest rates are expected to be lower in the future. B. If a 1-year Treasury bill has a yield to maturity of 7% and a 2-year Treasury bill has a yield to maturity of 8%, this would imply the market believes that 1-year rates will be 7.5% one year from now. C. The yield on a 5-year corporate bond should always exceed the yield on a 3-year Treasury bond. D. Interest rate (price) risk is higher on long-term bonds, but reinvestment rate risk is higher on short-term bonds. E. Interest rate (price) risk is higher on short-term bonds, but reinvestment rate risk is higher on long-term bonds.
Jayme's Best produced a new line of pasta sauce (Herbal Health), intending for it to have extra nutritional benefits. Using the freshest ingredients, Jayme's added special herbs to the tomato paste and spices, as the herbs are believed by some Tibetan monks to have the power to prevent cancer. Jayme's marketed the sauce in grocery stores and health food stores. Jayme's advertisements said that
Herbal Health may help prevent cancer and taste a lot better than the competition. Based on these facts, answer the following questions. Suppose the herbs end up being allowed to be sold as a cancer preventative, because the FDA determines that they do have such a beneficial effect. Bob, who eats the sauce every day, gets cancer. He believes the cancer was caused by the sauce and its herbs and sues Jayme in tort. It is up to the jury to decide if Jayme is liable: a. regardless of whether the sauce was FDA approved or not. b. only if the sauce was sold without FDA approval. c. but if the sauce is FDA approved, Jayme can be sued only if it can be shown that the sauce was intentionally sold in a defective condition. d. but if the sauce is FDA approved, Jayme can be sued only if it can be shown that Jayme's was negligent in the preparation and sale of the sauce. e. but if the sauce is FDA approved, Jayme has a complete defense against this charge.