A firm pays its accountant an annual retainer of $10 000. is this an economic cost

On February 3, Smart Company sold merchandise in the amount of $2,000 to Truman Company, with credit terms of 2/10, n/30. The cost of the items sold is $1,380. Smart uses the perpetual inventory system and the gross method.

In 2017, Orear Manufacturing signed a contract with a supplier to purchase raw materials in 2018 for $700,000. Before the December 31, 2017 balance sheet date, the market price for these materials dropped to $510,000.

On a particular date, FedEx has a stock price of $ 88.55 and an EPS of $ 6.89. Its competitor, UPS, had an EPS of $ 0.42. What would be the expected price of UPS stock on this date, if estimated using the method of comparables?

John and Mary were divorced in 2017. The divorce decree (executed 6/30/2017) provides that John pay alimony of $10K per year, to be reduced by 20% of on their child's 18th birthday.

The CEO of Ridgeway, Inc., realizes that the company's survival depends on developing and acquiringknowledge. Which of the following actions by the CEO would be most consistent with this need? a.

the owner's initial investment consists of $37,480 cash and $45,910 in land in exchange for its common stock. The company's $17,350 equipment purchase is paid in cash.

The Blossom Company purchased $10030 worth of laundry supplies on June 2 and recorded the purchase as an asset. On June 30, an inventory of the laundry supplies indicated only $1770 on hand.

The efficiency-wage theory of worker health is a. more relevant for explaining unemployment in less developed countries than in rich countries. b. equally relevant for explaining unemployment in less developed countries and in rich countries. c.

Atold Corporation reports goodwill of $40 million on acquisition of Benholm Company. One month later, Atold learns that Benholm's portfolio of AFS debt investments is worth $3 million more than estimated at the date of acquisition.

You have some news to share with your manager. You've decided to take a new job, and you're giving your two weeks' notice. It's bad news for him but good news for you. What is the best way to communicate this information to your manager?