Budgetary slack often is used to cope with uncertainty.
Answer the following statement true (T) or false (F)
True
People may build budgetary slack into budgets to cope with uncertainty of economic events.
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What is the relation between the customer retention (CR) and average customer life (N)?
A) CR=1/N B) CR=1+(1/N) C) CR=N/2 D) CR=(N-1)/2 E) CR= 1-(1/N)
On December 1, 2019, Murphy, Inc. had 35,000 shares of $7 par value common stock issued and outstanding. The next day it declared a 50% stock dividend. The market value of the stock on that date was $15 per share. Which of the following is the correct journal entry to record this transaction?
A) debit Stock Dividends $525,000 and credit Cash $525,000 B) debit Stock Dividends $525,000, credit Common Stock $245,000, and credit Paid-In Capital in Excess of Par $280,000 C) debit Common Stock $122,500 and credit Cash $122,500 D) debit Stock Dividends $122,500 and credit Common Stock Dividend Distributable $122,500
A constituency is
A. two or more parties on the same side who are working together and collectively advocating the same positions and interests. B. any individual or group of people who are not directly involved in or affected by a negotiation, but who have a chance to observe and react to the ongoing events. C. one or more parties whose interests, demands, or priorities are being represented by the focal negotiator at the table. D. a negotiator representing the interests of another party.
In the opening case, _______________ is the organization that certifies companies that can have the Fair Trade logo on their products.
a. WorldFair b. CountryFair c. Fair Trade USA d. MultiFair