What is a global network of organizations and activities that supply a firm with goods and services?
A) supply tree
B) provider network
C) supply chain
D) vendor network
E) vendor tree
C
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A gain contingency that is reasonably possible and for which the amount can be reasonably estimated should be
A) accrued. B) disclosed but not accrued. C) neither accrued nor disclosed. D) classified as an appropriation of retained earnings.
Which of the following occurs when a person has already invested in a course of action, and does not recognize what they invested initially is gone?
A. sunk costs fallacy B. satisficing C. hindsight bias D. overconfidence bias
Abbot Laboratory is embarking on a sophisticated technology that requires special skills. To address this problem, the company has decided to recruit employees with the appropriate skills rather than train the existing employees. This decision affects the work of the ____ manager.
A. financial B. human resources C. personnel D. operations E. marketing
Pail Corporation acquired 80 percent of the common shares and 70 percent of the preferred shares of Shovel Corporation at underlying book value on January 1, 20X9. At that date, the fair value of the noncontrolling interest in Shovel's common stock was equal to 20 percent of the book value of its common stock. Shovel's balance sheet at the time of acquisition contained the following balances: Total Assets$600,000 Total Liabilities$90,000 Preferred Stock 100,000 Common Stock 150,000 Retained Earnings 260,000 Total Assets$600,000 Total Liabilities and Equities$600,000 ?The preferred shares are cumulative and have a 10 percent annual dividend rate and are four years in arrears on January 1, 20X9. All of the $5 par value preferred shares are
callable at $6 per share. During 20X9, Shovel reported net income of $100,000 and paid no dividends.Based on the preceding information, what is the portion of Shovel's retained earnings assignable to its preferred shareholders on January 1, 20X9? A. $50,000 B. $40,000 C. $60,000 D. $70,000