Corporate hospitality can be an effective way of:
a. entertaining prospective clients
b. establishing networking opportunities
c. consolidating customer relationships
d. all of the above
d. all of the above
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Which of the following is a goodwill message?
A) a suggestion for improving service B) a direct request for product information C) a persuasive request for an adjustment when the customer is at fault D) a complaint message that includes positive comments about the company E) a sympathy card
Which of the following is not a reason why growth in the supermarket sector has been consistently declining over the last decade?
A. the increase in competition from warehouse clubs B. the increase in competition from online retailers. C. the decrease in population D. the increase in out-of-home eating E. the general rise in food costs
Lakatos Corporation manufactures one product. It does not maintain any beginning or ending Work in Process inventories. The company uses a standard cost system in which inventories are recorded at their standard costs. There is no variable manufacturing overhead. The standard cost card for the company's only product contains the following information concerning direct materials:InputsStandard Quantityor HoursStandard Price or RateStandard CostDirect materials3.7kilos$9.00per kilo$33.30During the year, the company completed the following transactions concerning direct materials:a. Purchased 151,800 kilos of raw material at a price of $9.70 per kilo.b. Used 140,870 kilos of the raw material to produce 38,100 units of work in process.The company calculated the following direct materials
variances for the year: Materials price variance$106,260UMaterials quantity variance$900FAssume that all transactions are recorded on the below worksheet, which is similar to the worksheet shown in your text except that it has been divided into two parts so that it fits on one page. The beginning balances in each of the accounts have been given. PP&E (net) stands for Property, Plant, and Equipment net of depreciation.?CashRaw MaterialsWork in ProcessFinished GoodsPP&E (net)?1/1$1,130,000$59,940$0$81,510$432,900=a.?????=b.?????=?Materials Price VarianceMaterials Quantity VarianceLabor Rate VarianceLabor Efficiency VarianceFOH Budget VarianceFOH Volume VarianceRetained Earnings1/1$0$0$0$0$0$0$1,704,350a.???????b.???????When recording the raw materials purchases in transaction (a) above, the Raw Materials inventory account will increase (decrease) by: A. $1,472,460 B. $1,366,200 C. ($1,366,200) D. ($1,472,460)
The two components of stockholders' equity are Debits and Credits.
Answer the following statement true (T) or false (F)