________ communication keeps managers aware of how employees feel about their jobs, their coworkers, and the organization in general.
A. Downward
B. Horizontal
C. Lateral
D. Upward
Answer: D
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Given the following information for the Raquel Company: Date Cost Market December 31, 2016 $500 $500 December 31, 2017 700 650 December 31, 2018 800 730 ? If the allowance method of recording lower of cost or market is in use, which December 31, 2018, journal entry is correct?
A) Loss Due to Market Valuation 20Allowance to Reduce Inventory to Market 20 B) Inventory 730Income Summary 730 C) Loss Due to Market Valuation 70Allowance to Reduce Inventory to Market 70 D) Allowance to Reduce Inventory to Market 800Income Summary 800
When Mercedes successfully introduced its C-Class cars at $30,000 without injuring its ability to sell other Mercedes cars for $100,000, it was an example of a successful ________
A) two-way stretch B) line pruning C) down-market stretch D) up-market stretch E) choice reduction
Operating leases are long-term or noncancelable leases in which the lessor transfers substantially all the risks and rewards of ownership to the lessee.
Answer the following statement true (T) or false (F)
The projections of direct materials purchases that follow are for the Sombo Corporation. Purchases on Account Cash Purchases December $40,000 $30,000 January 60,000 20,000 February 50,000 35,000 March 70,000 25,000 The company pays for 60 percent of purchases on account in the month of purchase and 40 percent in the month following the purchase. What is the expected cash payment for direct
materials for the month of February? a. $52,000 b. $72,000 c. $89,000 d. $95,000