According to Goleman, self-control, trustworthiness, conscientiousness, adaptability, and innovation correspond to:
A. self-awareness.
B. self-regulation.
C. motivation.
D. empathy.
Answer: B. self-regulation.
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A company that uses the perpetual inventory system sold goods to a customer on account for $2,100. The cost of the goods sold was $1,050. Which of the following journal entries correctly records this transaction?
A) Cost of Goods Sold 2,100 Sales Revenue 2,100 B) Merchandise Inventory 2,100 Costs of Goods Sold 2,100 C) Accounts Receivable 2,100 Cash 2,100 Costs of Goods Sold 1,050 Merchandise Inventory 1,050 D) Accounts Receivable 2,100 Sales Revenue 2,100 Costs of Goods Sold 1,050 Merchandise Inventory 1,050
Off Road Concepts, Inc produces a special kind of light-weight, recreational vehicle that has a unique design
It allows the company to follow a cost-plus pricing strategy. It has $9,000,000 of average assets, and the desired profit is a 7% return on assets. Assume all products produced are sold. Additional data are as follows: Sales volume 2,000 units per year Variable costs $1,000 per unit Fixed costs $3,500,000 per year Using the cost-plus pricing approach, what should be the sales price per unit? A) $3,065 B) $8,000 C) $1,070 D) $1,000