Retained Earnings measures the cumulative excess of _____ for the life of a firm
a. dividends over net income
b. net income over dividends
c. assets over liabilities
d. liabilities over shareholders' equity
e. shareholders' equity over liabilities
B
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Lakeland Inc employees get 40 hours paid leave each year to pursue volunteer projects. The company runs a service day that hosts projects in 25 countries, and it supports a nonprofit that brings young people into public service for a year
Lakeland could be most accurately described as practicing ________ marketing. A) affiliate B) undifferentiated C) differentiated D) innovative E) sense-of-mission
An advantage of a bottom-up retail plan is the _____
a. ability to keep the plan secret b. ability to handle complex assumptions c. active involvement of lower- and middle-level managers d. ability to gain acceptance by senior-level retail personnel
To record the purchase of supplies on account, an accountant would credit Supplies.
Answer the following statement true (T) or false (F)
A company sells two products--J and K. The sales mix is expected to be $3 of sales of Product K for every $1 of sales of Product J. Product J has a contribution margin ratio of 40% whereas Product K has a contribution margin ratio of 50%. Annual fixed expenses are expected to be $120,000. The overall break-even point for the company in dollar sales is expected to be closest to:
A. $252,632 B. $200,000 C. $196,000 D. $263,420