What term best defines the following type of stakeholder? “They hold participation in the distribution of profits, additional stock offerings, assets of liquidation, and may also elect the board of directors.”
A. shareholders
B. employees
C. creditors
D. suppliers
A. shareholders
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The glass cliff is a(n) ______ problematic.
a. newer concept (than the glass ceiling), but less b. older concept (than the glass ceiling), but equally c. newer concept (than the glass ceiling), but equally d. older concept (than the glass ceiling), but less
Testing a new project on a smaller isolated area prior to installing it for the entire organization is an example of ________ a risk.
Fill in the blank(s) with the appropriate word(s).
For product costs associated with a particular product to be reported on the income statement:
A. The company must expect to sell the product during the next twelve months. B. The product must still be in Work in Process Inventory. C. The product may be in any of the manufacturer's inventory accounts. D. The product must be transferred to Finished Goods Inventory. E. The product must be sold.
Strods Company reported the following purchases and sales of its only product. Strods uses a perpetual inventory system. Determine the cost assigned to cost of goods sold using FIFO.DateActivitiesUnits Acquired at CostUnits Sold at RetailMay 1Beginning Inventory150 units @ $10.00 5Purchase220 units @ $12.00 10Sales 140 units @ $20.0015Purchase100 units @ $13.00 24Sales 90 units @ $21.00
A. $5,440 B. $2,980 C. $2,850 D. $2,590 E. $2,460