Why would a company care what Ethical Consumer writes about them?
What will be an ideal response?
Because EC applies an ethical rating to companies, by giving scores out of 20, consumers can readily identify companies which are not behaving as ethically as they might and make purchase decisions accordingly.
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A petty cash fund was established with a $550 balance. It currently has cash of $105 and petty cash tickets as shown below:
Which of the following would be the journal entry to replenish the Petty Cash account?
A) debit various expenses $445; credit Cash $445
B) debit various expenses $445; credit Petty Cash $445
C) debit Cash $105; credit various expenses $105
D) credit Petty Cash $445; debit Cash $445
Why is it sometimes difficult to manage sideways? Describe some ways that one can overcome these difficulties.
What will be an ideal response?
Lengthening a product line beyond its current range is referred to as product line ________
A) filling B) strengthening C) mixing D) stretching E) widening
An accounting firm collected cash on account. As a result of this transaction, assets and revenues increase
Indicate whether the statement is true or false