Master Business with Fun Quizzes & Brain Teasers!

1) Two people have been negotiating and you've noticed that one has been doing more of the talking and one has been much quieter. Who is most likely to achieve their goals a. The listener: understanding their position, and tailoring you strategy accordingly, is more persuasive. b. It depends on body language more than words c. The talker: talking is important; you can't persuade people if you don't talk
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Cost accounting systems used by manufacturing companies are based on the: Multiple Choice Periodic inventory system. Perpetual inventory system. Finished goods inventories. Weighted average inventories. LIFO inventory system.
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A company pays its employees $4,250 each Friday, which amounts to $850 per day for the five-day workweek that begins on Monday. If the monthly accounting period ends on Thursday and the employees worked through Thursday, the amount of salaries earned but unpaid at the end of the accounting period is:
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Kragle Corporation reported the following financial data for one of its divisions for the year; average invested assets of $470,000; sales of $930,000; and income of $105,000. The investment turnover is:
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Question 12 of 50 Next QuestionUnsaved change Moving to the next question prevents changes to this answer. Nocum Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. Sales (3,000 units) $ 120,000 Variable expenses 90,000 Contribution margin 30,000 Fixed expenses 21,000 Net operating income $ 9,000 If sales decline to 2,900 units, the net operating income would be closest to:
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Morrow City Inc. manufactures small flash drives and is considering raising the price by 75 cents a unit for the coming year. With a 75-cent price increase, demand is expected to fall by 7,000 units. Current Projected Demand 79,000 units 72,000 units Selling price $8.50 $9.25 Incremental cost per unit $5.80 $5.80 If the price increase is implemented, operating profit is projected to ________.
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While Mary Corens was a student at the University of Tennessee, she borrowed $8,000 in student loans at an annual interest rate of 9%. If Mary repays $1,600 per year, then how long (to the nearest year) will it take her to repay the loan? Do not round intermediate calculations. Round your answer to the nearest whole number.
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Cole Corporation was organized on January 1, Year 1. The company was authorized to issue 100,000 shares of $1 par value common stock. During the year, the company had the following transactions relating to stockholders equity: Issued 40,000 shares of common stock at $8 per share. Reported a net income of $60,000. Paid dividends of $30,000. Purchased 5,000 shares of treasury stock at $10 per share. What is total stockholders equity at the end of Year 1? Multiple Choice a) $300,000 b) $350,000 c) $400,000 d) $460,000
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If an organization tracks its strategy implementation, looks for problem areas, evaluates whether the problem areas indicate any weakness in the strategy, and makes any necessary changes, then it is using:
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The statement of owner's equity begins with the beginning balance followed by a.adding net income less withdrawals b.adding investments less withdrawals c.adding net income plus investments d.adding investments plus net income less withdrawals
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At the beginning of the year, a firm has current assets of $327 and current liabilities of $231. At the end of the year, the current assets are $491 and the current liabilities are $271. What is the change in net working capital?
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You have just started a new job and plan to save $5,250 per year for 35 years until you retire. You will make your first deposit in one year. How much will you have when you retire if you earn an annual interest rate of 9.47 percent
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Do some Internet research to identify businesses who have suffered because of cloud security weaknesses or failures. What can companies who are contemplating cloud computing services learn from the negative experiences of these businesses
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Novak Corp. issued 24400 shares of $1 par common stock for $40 per share during 2022. The company paid dividends of $59000 and issued long-term notes payable of $537000 during the year. What amount of cash flows from financing activities will be reported on the statement of cash flows
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company is considering the purchase of a new piece of equipment for $90,000. Predicted annual net cash inflows from the investment are $36,000 (Year 1), $30,000 (Year 2), $18,000 (Year 3), $12,000 (Year 4), and $6,000 (Year 5). The average operating income generated from the investment over its 5-year life is $20,400. The cash payback period is 3.5 years true false
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Elite Company had originally expected to earn operating income of $140,000 in the coming year. Elite's degree of operating leverage is 2.6. Recently, Elite revised its plans and now expects to increase sales by 25% next year. What is the percent change in operating income expected by Elite in the coming year
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10. Problems and Applications Q10 High-income people are willing to pay more than lower-income people to avoid the risk of death. For example, they are more likely to pay for safety features on cars. True or False: One reason a rich town may put in a traffic light while a poor town does not is that the rich town may value a human life more highly in its cost-benefit analysis. True False
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The inventory turnover ratio is representative of which of the following: A measure of how effectively the firm is managing its inventory. The number of times inventory is sold and restocked during the year. The total value of all inventory sold. The number of times that accounts receivable is turned over during the year. Choices a and b only (answers 1 and 2) All of the above.
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There are several steps you can take to reduce the potential of being a victimof consumer fraud, including.
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"Winston tells Lenita that he prefers to form an S corporation because he does not want to attach "LLC" to the name of the company. Lenita responds that the option of an S corporation is not available for their situation. Is she correct
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Matt and Patricia are husband and wife and live in Oregon. In 2010 and using her funds, Patricia purchased a residence for $400,000, listing title to the property as "Matt and Patricia, joint tenants with right of survivorship." In 2020, Matt dies before Patricia when the residence is worth $2 million. A correct statement as to these transactions is:
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Prepare the journal entries for the following petty cash transactions of LintonGaming Supplies:Feb.1Established a petty cash fund with a $ 150balance.28The petty cash fund has $ 14in cash and $ 145in petty cash tickets that were issued to pay for Office Supplies ($ 35)and Entertainment Expense ($ 110).Replenished the fund and recorded the expenses.Mar.15Increased the balance of the petty cash fund to $ 300.
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Smiling Elephant, Inc., has an issue of preferred stock outstanding that pays a $5.90 dividend every year, in perpetuity. If this issue currently sells for $80.55 per share, what is the required return
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suppose community bank offers to lend you 10000 for one year at a nominal annual rate of 17.75% but you must make interest payments at the end of each quarter and then pay off the $10,000 principal amount at the end of the year. What is the effective annual rate on the loan
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