A probable loss contingency is reasonably estimated within a range of possible amounts. No amount within the range is a better estimate than any other amount within the range. The amount that should be accrued should be
A) zero.
B) the lower amount of the range.
C) the upper amount of the range.
D) the average amount within the range.
B
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Dennis, a senior manager at VST Corporation, is considering the acquisition of a revolutionary water treatment technology from a small development firm. The asking price is $5 million. However, the environmental uncertainty of the water treatment marketplace is both complex and dynamic. Dennis wants to acquire the new technology but seeks to manage the risk associated with his decision, or "hedge his bets." Key elements of his risk management strategy might be to
A. decide upon a clan (collaborate), adhocracy (create), hierarchy (control), or market (compete) culture from which to market the technology. B. diversify, merge, divest, prospect, or defend the technology. C. gain competitive intelligence through environmental scanning, develop business scenarios, forecast sales, and benchmark the technology. D. buffer, smooth, and empower in order to manage the technology supply chain. E. establish visible artifacts; develop symbols, rites, and ceremonies; and develop stories about the technology.
Bravada Enterprises Transactions for Bravada Enterprises are provided below. Sept. 1 Bills are sent to clients for services provided in August for the amount of $2,200. Sept. 9 Barlue Furnishings delivers $1,500 of office furniture and $500 of office supplies to Bravada, leaving an invoice for $2,000. Sept. 15 Payment is made to Barlue for the office furniture and supplies delivered on September
9. Sept. 23 A $630 bill for advertising for the month of September is received. It will be paid on its due date in October. Sept. 30 Salaries of $450 are paid to employees. Refer to the transactions that occurred at Bravada Enterprises. The journal entry to record the September 15th transaction will include a debit of $2,000 to: A) Salaries expense. B) Salaries payable. C) Prepaid expenses. D) Accounts payable.
Which of the following is an example of a desirable professional attitude during a job interview?
a. Focus on the benefits you will receive from a company. b. Provide suggestions that may help turn the company around. c. Show that you are strongly interested in the company. d. Honestly admit that you are just taking interviewing for practice.
Using the information below, compute the cycle efficiency: Days' sales in accounts receivable15daysDays' sales in inventory72daysDays' payable outstanding35days
A. 87 days. B. 51 days. C. 63 days. D. 52 days. E. 37 days.