Which of the following statements about enterprise information systems is TRUE?
A. They support 10 to 100 users.
B. They do not require users to have any formal training.
C. They are very difficult to change.
D. The procedures are not formalized or documented.
E. They promote substantial workgroup data duplication.
Answer: C
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Calculate Gross Profit.
Bargain Merchandisers has the following transactions for the month of July.
A) $29,000
B) $109,000
C) $35,000
D) $23,000
Which of the following is not a characteristic evaluated in ratio analysis?
a. liquidity b. profitability c. solvency d. marketability
On January 1, 2018, Pride, Inc. acquired 80% of the outstanding voting common stock of Strong Corp. for $364,000. There is no active market for Strong's stock. Of this payment, $28,000 was allocated to equipment (with a five-year life) that had been undervalued on Strong's books by $35,000. Any remaining excess was attributable to goodwill, which has not been impaired.As of December 31, 2018, before preparing the consolidated worksheet, the financial statements appeared as follows: Pride, Inc. Strong Corp.Revenues$420,000 $280,000 Cost of goods sold (196,000) (112,000)Operating expenses (28,000) (14,000)Net income$196,000) $154,000 Retained earnings, 1/1/18$420,000 $210,000 Net income (above) 196,000 154,000 Dividends paid 0 0 Retained earnings,
12/31/18$616,000 $364,000 Cash and receivables$294,000 $126,000 Inventory 210,000 154,000 Investment in Strong Corp 364,000 0 Equipment (net) 616,000 420,000 Total assets$1,484,000 $700,000 Liabilities$588,000 $196,000 Common stock 280,000 140,000 Retained earnings, 12/31/18 (above) 616,000 364,000 Total liabilities and stockholders' equity$1,484,000 $700,000 ??During 2018, Pride bought inventory for $112,000 and sold it to Strong for $140,000. Only half of the inventory purchase price had been remitted to Pride by Strong at year-end. As of December 31, 2018, 60% of these goods remained in the company's possession.?What is the total of consolidated cost of goods sold? A. $212,800. B. $184,800. C. $203,000. D. $196,000. E. $168,000.
Which case illustrates the broad scope of the definition of labor dispute under the Norris-La Guardia Act?? A) ?National Labor Relations Board v. Kentucky River Community Care, Inc
B) Pulte Homes, Inc. v. Laborers' International Union of North America? C) Duplex Printing Press Company v. Deering? D) Loewe v. Lawlor