On october 1, 2018, chief corporation declared and issued a 10% stock dividend. before this date, chief had 80,000 shares of $5 par common stock outstanding. the market value of chief corporation on the date of declaration was $10 per share. as a result of this dividend, chief's retained earnings will:
multiple choice
a. decrease by $80,000
b. not change
c. decrease by $40,000
d. increase by $80,000

Alocal barnes and noble bookstore ordered 80 marketing books but received 60 books. what percent of the order was missing?

Acompany has $80,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts. experience suggests that 6% of outstanding receivables are uncollectible. the current credit balance (before adjustments) in the allowance for doubtful accounts is $1,200. the journal entry to record the adjustment to the allowance account includes a debit to bad debts expense for $4,800. true or false

Activity-based costing (abc) is not truly a cost collection mechanism as much as it is an inventory valuation method. the main purpose for implementing an activity-based cost system is to try to overcome some of the cost distortions that occur in traditional costing from product differences when there are variations in size and complexity. however, one of the disadvantages of utilizing abc is that the additional information gathering necessary to implement costing with that level of detail might be beyond the reach of some companies with resource or financial constraints. with this in mind, what kinds of industries or companies do you think would benefit most from using activity-based costing and why? in designing or modifying an accounting system to capture appropriate costs for abc, what considerations do you think would need to be made?