If a purchaser using a periodic inventory system pays the transportation costs, then the

a. Merchandise Inventory account is increased.
b. Merchandise Inventory account is not affected.
c. Freight-in account is increased.
d. Delivery Expense account is increased.

Ans: c. Freight-in account is increased.

Business

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The following is divisional information for EVQ Enterprises

East Division West Division Operating income $250,000 $200,000 Net sales 2,225,000 1,575,000 Total assets at Jan. 1 1,500,000 840,000 Total assets at Dec .31 1,200,000 1,000,000 The target rate of return is 12% for the East Division and is 10% for the West Division. Compute the return on investment for each division. (Round to one decimal place.) What will be an ideal response

Business

All of the following statements regarding Starbucks are true except:

A) Starbucks offers health benefits to company employees. B) Starbucks partners can take part in Starbucks' stock option plan. C) Starbucks has the opportunity to be a different global company. D) Starbucks is a profitable company. E) Shareholders consider Starbucks' stock to be risky investment.

Business