State factors that could result in profit-related budget revisions.
What will be an ideal response?
The Eat Out Company purchased bonds that had a total face value of 300,000 for 275,000 on August 1, 20X1 . The bonds pay installments of the 8 percent annual interest on May 1 and November 1 .
The company pays for accrued bond interest in advance, at the time of purchase, when it buys bonds. The Eat Out Company's journal entry on November 1, would debit _____________ for ___________ and credit Bond Interest Income and Bond Interest Receivable for ___________ apiece. a. Debt Investments; 12,000; 6,000
b. Cash; 12,000; 6,000
c. Debt Investments; 25,000; 12,500
d. Cash; 25,000; 12,500
It is evident that many workers are unhappy with the quality of work they are participating in. It is solely the responsibility of the organization to conquer this problem.
Indicate whether the statement is true or false
For the manager, every competitive method must be valued by the balance sheet it produces.
Indicate whether the statement is true or false
State factors that could result in revenue or expense-related budget revisions.
What will be an ideal response?
The Multinational Hospitality Company (MHC) purchased bonds that had a total face value of 300,000 for 250,000 on August 1, 20X1 . The bonds pay installments of the 8 percent annual interest on May 1 and November 1 .
The MHC pays for accrued bond interest in advance, at the time of purchase, when it buys bonds. The journal entry on the date of bond purchase would debit Debt Investments for _____________ and Bond Interest Receivable for _____________ and credit Cash for ______________. a. 250,000; 6,000; 256,000
b. 200,000; 50,000; 250,000
c. 250,000; 50,000; 300,000
d. 300,000; 250,000; 0
Tommy=s Tours, a small tour operator who is new to the business, has sold Marie Skladowska an escorted tour of Mayan ruins in Mexico and Guatemala.
Which of the following is NOT one of the reasons for her choice to use a tour operator instead of arranging the trip on her own? a. She wants transportation and accommodations to be prearranged and prepaid.
b. She wants special access to historical sites that is not always available to independent travelers.
c. She knows that she will be protected against fraud and bankruptcy.
d. She knows the travel and accommodations are often cheaper when bought as a package than when bought separately.
Task environment categories include: market and consumer behavior, industry structure, economic factors, competitors and suppliers, and government agencies.
Indicate whether the statement is true or false
Identify reasons for variation in revenue, expense, and profit line items.
What will be an ideal response?
The Lost Loon Motel enters into an agreement with a supplier in which the supplier allows the motel to use a certain asset in exchange for a fixed periodic payment, and in which there is no intent on the supplier's part to sell the asset to the
motel. This type of arrangement is called a(n): a. bond indenture.
b. debenture bond.
c. capital lease.
d. operating lease.
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