_________ include people, hardware, software, or other assets.
Fill in the blank(s) with the appropriate word(s)
Answer: Resources
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Fetzer Company declared a $0.55 per share cash dividend. The company has 200,000 shares authorized, 190,000 shares issued, and 8,000 shares in treasury stock. The journal entry to record the payment of the dividend is:
A. Debit Retained Earnings $110,000; credit Common Dividends Payable $110,000. B. Debit Retained Earnings $104,500; credit Common Dividends Payable $104,500. C. Debit Retained Earnings $100,100; credit Common Dividends Payable $100,100. D. Debit Common Dividends Payable $104,500; credit Cash $104,500. E. Debit Common Dividends Payable $100,100; credit Cash $100,100.
Using a firm’s past financial statements to determine if changes should be made in future resource acquisitions or operational activities is an example of ____ control method.
a. Preliminary b. Quality c. Concurrent d. Feedback
Flanders Bar and Grill orders cleaning supply kits using the EOQ model. The restaurant estimates that it uses 525 kits per year. The purchase price is governed by a quantity discount structure. If the restaurant orders 100 or more units, the price per kit is $11. Below 100 units, the price is $12 per kit. What is the optimal order quantity?
a. 76.4 b. 100 c. 68.7 d. Cannot be determined from the information given
When referring to primary and secondary data in the findings section, you should
A) call attention to key trends and contradictions. B) present less important information in tables and figures. C) allow readers to come to their own conclusions about implications. D) present facts and figures in rapid succession for busy readers. E) refer to research procedures when necessary.