In the current year, Generous University awarded scholarships to graduate students in the amount of $5,000,000. The recipients are not required to provide any services in return for the scholarships. How should the university record the award?

The Long Haul Trucking Company is developing metrics for its drivers. The company computesvariable costs of each load based upon miles driven and allocates fixed costs based upon time consumed.

Which market segment should a no-frills hotel target? 1) backpackers 2) business travelers 3) families 4) leisure travelers

Which of the following theories proposes that people prefer to feel they have control over their actions, so anything that makes a previously enjoyed task feel more like an obligation than a freely chosen activity will undermine motivation?

Miami solar manufactures solar panels for industrial use. the company budgets production of 5,000 units (solar panels) in july and 5,300 units in august. each unit requires 3 pounds of direct materials, which cost $6 per pound.

Cox Media Corporation pays a coupon rate of 10 percent on debentures that are due in 15 years. The current yield to maturity on bonds of similar risk is 8 percent. The bonds are currently callable at $1,100.

The purchase agreement should not disclose all of the conditions and terms of the sale.

Fox Co. prepares its statement of cash flows using the indirect method. Fox's unamortized bond premium account decreased by $25,000 during the year. How should Fox report the change in unamortized bond premium in its statement of cash flows? a.

At year-end, Rim Co. held several investments with the intent of selling them in the near term. The investments consisted of $100,000, 8%, five-year bonds, purchased for $92,000, and equity securities purchased for $35,000.

How are business entrepreneurs and social entrepreneurs different?

Paul and Simone both work for the same accounting firm. Paul is married and has two kids and takes three allowances on his W-4 form. Simone is single and does not have any children, so she takes one allowance on her W-4.