Which of the following transactions results in an increase in expenses?
a. Payment on accounts payable
b. Usage of utilities
c. Repayment of principal of bank loan
d. Purchase of office equipment on credit
B
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If a company purchases $3,200 worth of inventory with terms of 2/10, n/30 on March 3 and pays April 2, then the amount paid to the seller would be
a. $3,136 b. $3,150 c. $3,168 d. $3,200
As foreman, part of Jaleel's job is to monitor company adherence to union contracts and meet monthly with union representatives to work through any concerns facing the factory workers. This demonstrates Jaleel's responsibility for
A. performance feedback. B. employee benefits. C. human resource planning. D. performance appraisals. E. labor relations.
A company with 20 million shares outstanding decides to repurchase 2 million shares at the prevailing market price of h30 per share. At the time of the buyback, the company reports total assets of h850 million and total liabilities of h250 million. As a result of the buyback, that company’s book value per share will most likely
A. increase. B. decrease. C. remain the same.
Which of the following statements is true of cost-based pricing?
A) ?It determines price by adding a fixed margin to the per-unit cost of the product. B) ?It determines the price based on the amount consumers are willing to pay for a product. C) ?It is an interesting theoretical approach to pricing, but it is seldom used in the real world. D) ?It is obtained by subtracting the desired margin, which yields the target costs.