Someone who has an average cash balance of $45 and spends $15 per day will visit the ATM once in every ____ days.
A. 4
B. 5
C. 6
D. 7
Answer: C
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Which of the following is an example of a firm utilizing public relations as a promotion tool?
A) a firm using its personal sales force at an expo to sell its products B) a firm sending its catalog directly to customers through e-mail C) a firm informing customers of special discounts on its Web site D) a firm providing interesting information about a product to the news media E) a firm using a celebrity to endorse a product in a television commercial
Moe, Larry, and Carl form a corporation, Stooges Ltd. They are the only shareholders. They die together in a plane crash
David Addison, a creditor of Stooges Ltd., brings an action against the corporation, but does not obtain judgment until after the three shareholders die. He is advised by his lawyer that Stooges Ltd. is now insolvent. Which of the following is true? A) Addison may enforce his judgment against the estates of Moe, Larry, and Carl, or any of them. B) Addison may bring a fresh action against estates of Moe, Larry, and Carl, or any of them. C) Addison is stuck with his worthless judgment against the corporation. D) Stooges Ltd. ceased to exist upon the death of its only shareholders. E) Both A and D
Saul Goodman represents several clients and bills by the hour at a reasonable $500 per
He forgot to record the time it took to complete each activity, but he knows his eight hour day was spent representing 13 clients involved in one high profile case. He also remembers that Walt told him once that his learning curve percentage was 80%. How many hours should Saul bill his first client? A) one hour eight minutes and forty five seconds B) one hour two minutes and thirty six seconds C) fifty six minutes and twenty eight seconds D) fifty minutes and five seconds
Using the information presented below, prepare an income statement from the adjusted trial balance of Dodson Containers.DODSON CONTAINERS
Adjusted Trial Balance December 31 Cash…………………………………………………. $ 3,050?Accounts receivable………………………………… 400?Prepaid insurance …………………………………... 830?Office supplies ............................................................. 80?Office equipment ……………………………………. 4,200?Accumulated depreciation-office equipment ……….. ?$ 1,100Buildings……………………………………………... 98,000?Accumulated depreciation-buildings………………..? 28,000Land…………………. 115,000?Wages Payable………………………………………? 880Property taxes payable………………………………? 1,400Interest payable……………………………………...? 2,200Unearned rent………………………………………..? 460Long-term notes payable…………………………….? 150,000Common stock ……………………………….? 30,000Retained earnings ……………………………….? 10,340Dividends21,000?Rent earned ………………………………………….? 67,500Wages expense ……………………………………...29,000?Utilities expense ……………………………………. 2,900?Property taxes expense ……………………………..2,400?Insurance expense…………………………………... 5,800?Office supplies expense……………………………… 250?Depreciation expense-office equipment……………..400?Depreciation expense-buildings……………………..5,570?Interest expense ……………………………… 3,000?________?Totals ………………………………………………..$291,880$291,880 What will be an ideal response?