Some people believe that the planning function is the most important one for a manager. Why might that be true?

Flipco signed a 10-year note payable on January 1, 2016, of $800,000. The note requires annual principal payments each December 31 of $80,000 plus interest at 5%. The entry to record the annual payment on December 31, 2017, includesa.

The Retained earnings account has a credit balance of $48,000 before closing entries are made. Total revenues for the period are $66,200, total expenses are $45,300, and dividends are $13,400.

Which of the following factors will make the demand for a product relatively elastic? rev: 05_14_2018 Multiple Choice Purchases of the good require a small portion of consumers' budgets. There are few substitutes. The good is considered a necessity.

XYZ Co. has forecasted June sales of 400 units and July sales of 700 units. The company maintains ending inventory equal to 125% of next month's sales. June beginning inventory reflects this policy. What is June's required production?

The California Café cash and credit sales are listed above. The Café is able to collect 40% of its credit sales during the first month (after the sale), and 60% during the second month (after the sale).

Which of the following is a disadvantage of the sole proprietorship form of ownership

Products that are essential for life, such as water or groceries, yield more marginal utility than rare products, such as diamonds or luxury vehicles. A. True B. False.

Copy Center pays an average wage of $12 per hour to employees for printing and copying jobs, and allocates $18 of overhead for each employee hour worked. Materials are assigned to each job according to actual cost.

Which of the following is true of internal recruiting? a. It increases recruitment time and costs. b. It targets job applicants that do not currently work for the organization. c. It improves employee commitment and morale. d.

In a perpetual average cost system: a. The average is determined by dividing the total number of units sold by the cost of units purchased during the period. b. A new weighted-average unit cost is calculated each time additional units are purchased.