If sales revenues are $400,000, cost of goods sold is $310,000, and operating expenses are $60,000, what is the gross profit?

Operations managers view innovation as a ""funnel"" because: Small ideas grow to become broad new strategies It often takes many new ideas to yield a few really good innovations Good innovators invest in as many new projects as they can afford

Accounting information systems: a. require a CITP designation to understand. b. are always computerized. c. report only financial information. d.

Central and state governments influence each other in a. a unitary system. b. a federal system. c. a confederal system. d. a democratic system. b. federal system

Fortune Company's direct materials budget shows the following cost of materials to be purchased for the coming three months: January February March Material purchases $12,040 $14,150 $10,970 Payments for purchases are expected to be made 50% in the

Larkspur, Inc. issues $4.2 million, 5-year, 7% bonds at 103, with interest payable on January 1. The straight-line method is used to amortize bond premium. Prepare the journal entry to record the sale of these bonds on January 1, 2017.

Teresa purchased a necklace for $100 in 1964. In 2014, Teresa gave the necklace to her granddaughter, Lindsey. At the time of the gift, the necklace had an appraised value of $850. In 2016, Lindsey sold the necklace for $1,200.

When iTunes sells a song or movie, it must record the transaction in accounts. Which accounts might iTunes use when it sells a song for cash?

When people engage in a collaborative process of identifying values, assumptions, and goals from which support for change will naturally emerge, it is known as which change strategy? a. Change resistanceb. Shared powerc. Change aversiond.

James received a report from the production and purchasing departments with the following values for January: Actual materials quantity: 90,000 pounds Total actual cost: $47,200 Standard materials quantity: 5.5 pounds/unit Standard price: $0.

Drafi Arts Corp. makes and sells original handicraft products. The management of the company has been successfully using a niche strategy for years. In this case, which of the following is most likely to be true of Drafi Arts Corp.?