Kellogg's begins to sell its cereals in new markets after conducting extensive marketing research. After the cereal begins to appear in these new markets, the company increases its promotion expenditure to counteract competitive responses

Most manufacturing items and their components are defined by

A. an engineering drawing. B. a BOM. C. group technology. D. the make-or-buy decision.

Max is having a problem understanding the financial statements. He believes that his administrative assistant has made some errors in preparing the income statement

Evaluate the following transactions and the income statement prepared by the administrative assistant. Prepare a corrected income statement using U.S. GAAP. a. Max's Catering earned $10,000 in catering business during June. b. Customers paid $2,500 in deposits for parties to be catered in July. c. The business paid $500 for June rent. d. The business paid the chef $5,000 in wages for June. e. The business spent $3,300 on food, spices, and other ingredients, and used $1,500 of them during June. Max's Catering Income Statement At June 2012 Revenues $12,500 Expenses Rent $ 500 Wages 5,000 Supplies 3,300 Total expenses $(8,800) Net income $ 3,700