The problem of motivating one party to act in the best interest of another party is known as the ________
A) leadership directive
B) management priority
C) principal-agent problem
D) sigma six structure
Answer: C
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A company receives $180 for a sale, of which $10 is for sales tax. The journal entry to record the sale is:
a. Sales Tax expense 10 Cash 170 Sales 180 b. Cash 170 Sales 170 c. Cash 180 Sales 180 d. Cash 180 Sales Tax Payable 10 Sales 170
A sales forecast is most likely to be based on which of the following?
A) the company's variable costs B) the company's growth rate C) the company's break-even point D) the company's marketing expenses E) the company's fixed costs
The product life-cycle concept from microeconomics and marketing provides useful insights into the relations between cash flows from operating, investing, and financing activities. When a product matures
a. net income usually reaches a peak. b. working capital declines. c. operations generate negative cash flow. d. all of the above. e. none of the above.
Reggie has two children. He is wanting to put money away for their college education. What type of plan can only be used for college and graduate school, and allows contributions of up to $250,000?
A) 403(b) B) ESOP C) 529 D) 12b-4