What is owner's equity?
A. What remains after liabilities are satisfied
B. What a company owes
C. What a company owns
D. None of the choices are correct
Answer: A
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GlobalMart Inc. periodically reviews the goals of the company. During the process, the managers of the company analyze their current strategies as compared to their competitors' strategies, determine goals that they will pursue, and decide upon specific actions for each area of the company to take in pursuit of these goals. With these actions, the managers are engaged in the management function of
A. goal coordination. B. planning. C. leading. D. organizing. E. controlling.
A promissory note states that the note is due one year from March 31, 2010 "with interest at the current rate." Is this instrument negotiable?
Shambo Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. Sales (3,000 units)$60,000Variable expenses 42,000Contribution margin 18,000Fixed expenses 13,200Net operating income$4,800 The margin of safety percentage is closest to:
A. 70% B. 27% C. 22% D. 8%
The global technology company Samsung received negative publicity related to allegations that its workforce at a ________ plant in China was overworking the employees who worked as many as 15 hours a day in poor factory conditions. Samsung and other companies that participate in China's manufacturing industry have hired inspectors to ensure the contracted agreements are being followed and worker safety and rights are protected.
A. contract manufacturing B. trading company's C. licensing D. direct ownership