Which of the following face the possibility that disgruntled stockholders may sue over corporate strategies that do not ''pan out''?
A. Sales staff
B. Supervisors
C. The board of directors
D. Professional employees
Answer: C
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Maria is having difficulty with her job as a retail sales clerk. She is enthusiastic about her job, and is good at parts of it, but her manager has noted that she does a poor job of describing the merchandise to customers and explaining its use and care. According to situational management, her manager should use a(n) ______ management style to manage Maria’s performance problem.
A. autocratic B. consultative C. participative D. empowerment
Richards Corporation uses the FIFO method of process costing. The following information is available for October in its Fabricating Department: Units:Beginning Inventory: 80,000 units, 60% complete as to materials and 20% complete as to conversion.Units started and completed: 250,000.Units completed and transferred out: 330,000.Ending Inventory: 30,000 units, 40% complete as to materials and 10% complete as to conversion. Costs:Costs in beginning Work in Process - Direct Materials: $37,200.Costs in beginning Work in Process - Conversion: $79,700.Costs incurred in October - Direct Materials: $646,800.Costs incurred in October - Conversion: $919,300. Calculate the cost per equivalent unit of conversion.
A. $2.76 B. $3.15 C. $3.00 D. $3.68 E. $2.90
Informal contracts include all contracts other than formal contracts
Indicate whether the statement is true or false
Excerpts from Colter Corporation's most recent balance sheet appear below: Year 2Year 1Current assets: Cash$90 $120 Accounts receivable, net 100 110 Inventory 170 160 Prepaid expenses 40 40 Total current assets 400 430 Total current liabilities$320 $290 Sales on account in Year 2 amounted to $1,210 and the cost of goods sold was $720.The acid-test (quick) ratio at the end of Year 2 is closest to:
A. 0.83 B. 1.25 C. 0.72 D. 0.59