1) Why do Walmart and other retail companies publish their balance sheets on Jan 31? Select an answer: because the holiday season, at the end of the year, is when they do most of their business because the federal government mandates it because it comes after the yearly shareholder meeting because it must be published before the board of directors meeting
1) Why do Walmart and other retail companies publish their balance sheets on Jan 31?
Select an answer:
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because the holiday season, at the end of the year, is when they do most of their business
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because the federal government mandates it
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because it comes after the yearly shareholder meeting
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because it must be published before the board of directors meeting2)
What could have been a possible solution to the Soviet oil drilling problem?
Select an answer:
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Measure how many holes reached oil.
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Measure how many holes were at least 100 meters deep.
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Measure the amount of time spent on each hole.
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Measure the total number of meters drilled.3)
What are
retained earnings ?Select an answer:
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the amount of money that a company earns as profit
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profits that are distributed to the shareholders as dividends
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profits that are put back into the company
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revenue that is used to pay taxes4)
How does an airline report the money you pay when you have purchased a plane ticket, but have not yet taken the flight?
Select an answer:
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as realized revenue
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as revenue
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as deferred revenue
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as unearned revenue
5)What is the earnings per share of a company that has $1,000 in revenue, $400 of expenses, and 20 outstanding shares of stock?
Select an answer:
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30
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1
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20
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506)
If you bought a piece of property 20 years ago for $100,000 and it is now worth $500,000, how would you record the property asset on a
balance sheet ?Select an answer:
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as $400,000
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as $100,000
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as $500,000
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as $300,0007)
What is the best way for a small hardware store to compete against Home Depot, when Home Depot can charge less for the same products?
Select an answer:
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Focus on customer service, and create relationships.
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Try to convince Home Depot to close its store.
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Buy cheaper, inferior products.
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Try to find suppliers who will charge less for their products.8)
What is the best way for a small consulting company to increase its sales?
Select an answer:
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Stop paying taxes.
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Charge customers more money for the same service.
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Raise the commission rate for all of the sales force.
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Move its offices to a new location.9)
Donating to charity, investing in your retirement plan at work, and paying the interest on your home mortgage are types of tax _____.
Select an answer:
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credits
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expenses
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deductions
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payments10)
Your boss has asked you to create summary reports to distribute to potential investors in your company. This is an example of _____ accounting?
Select an answer:
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income tax
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managerial
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financial
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bookkeeping11)
hy are
capital gains typically taxed at a lower rate than income?Select an answer:
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It is difficult to calculate capital gains.
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Other taxes provide enough revenue for the government.
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People pay enough taxes already.
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The government wants people to invest.12)
Which is an example of a bookkeeping system?
Select an answer:
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recording how much money you spend on gas every month
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going to the gym to make your membership payment
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making a weekly grocery list
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paying all of your bills online
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What could have been a possible solution to the Soviet oil drilling problem?
by Bartleby Expert
