Use this information to answer the following question. These facts concern the long-term stock investments of Alpha Corporation: June 1, 2009 Paid cash for the following long-term investment: 5,000 shares Carey Corporation common stock (representing 5 percent of outstanding stock) at $40 per share; 3,000 shares Burns Corporation common stock (representing 3 percent of outstanding stock) at $24
per share. Dec. 31, 2009 Quoted market prices at year end: Carey common stock, $35; Burns common stock, $27. April 1, 2010 A change in policy required the sale of 1,000 shares of Carey Corporation common stock at $38. July 1, 2010 Received a cash dividend from Burns Corporation equal to $.30 per share. Dec. 31, 2010 Quoted market prices at year end: Carey common stock, $39; Burns common stock, $22. The entry to record the sale of 1,000 shares of Carey Corporation common stock is:
a. Long-Term Investments 38,000
Cash 38,000
b. Long-Term Investments 38,000
Allowance to Adjust Long- Term Investments to Market 38,000
c. Allowance to Adjust Long -Term Investments to Market 38,000
Cash 38,000
d. Cash 38,000
Loss on Sale of Investments 2,000
Long-Term Investments 40,000
D
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a. True b. False Indicate whether the statement is true or false
What will happen to the breakeven point (in units) if Mosaic can reduce fixed costs by $22,000? (Round your answer up to the nearest whole unit.)
Mosaic Tile Company has estimated the following amounts for its next fiscal year:
A) The breakeven point will decrease by 917 units.
B) The breakeven point will decrease by 1100 units.
C) The breakeven point will increase by 1100 units.
D) The breakeven point will increase by 500 units.
Molly notices her employees seem less motivated lately, so she turned to OB research for guidance. She learned about Herzberg’s two-factor theory of motivation. Which of the following factors should she focus on in order to best motivate her followers?
A. pay B. working conditions C. sense of achievement D. company policies
Describe what must be understood by a marketer who wants to use various types of media to build connections with people across the globe
What will be an ideal response?