Which of the following types of businesses do you expect to show a high degree of seasonality in quarterly earnings? Explain why
Supermarket. The sales of supermarkets are not seasonal. There is not likely to be a peak in grocery shopping in any particular month.
Pharmaceutical Company.For a pharmaceutical company whose cold medicine is its major product, the sales of that company may peak in winter.
Software Company.Sales of software are high during December, due to holiday sales. Many software companies also make efforts to push sales at the fiscal year-end in order to meet their annual targets.
Auto Manufacturer.Auto sales are seasonal due to the introduction patterns of new models. Note that many new car models are introduced around September.
Clothing Retailer.Clothing sales are strongly seasonal; they are highest around holiday seasons.
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Lex Soaps purchased a machine on January 1 . 2013 . for $18,000 cash. The machine has an estimated useful life of four years and a salvage value of $4,700 . Lex uses the double-declining-balance method of depreciation for all its assets. What will be the machine's book value as of December 31 . 2014?
a. $5,100 b. $4,700 c. $4,500 d. $4,300
What is meant by “the paradox of regulation”?
What will be an ideal response?
The receivable that is usually evidenced by a formal instrument of credit is a(n)
A) trade receivable. B) note receivable. C) accounts receivable. D) income tax receivable.
Which of the following is an example of a soft skill?
A) Being able to work well as part of a team B) Knowing how to prepare financial statements C) Having experience using various software packages D) All of these choices