During March, Zea Inc. transferred $51,000 from Work in Process to Finished Goods and recorded a Cost of Goods Sold of $57,000.
The journal entries to record these transactions would include a:

A) credit to Work in Process of $51,000.
B) debit to Finished Goods of $57,000.
C) credit to Finished Goods of $51,000.
D) credit to Cost of Goods Sold of $57,000.

Agood for which demand increases as income rises is and a good for which demand increases as income falls is

Christopher kim, cfa, is a banker with batts brothers, an investment banking firm. kim follows the energy industry and has frequent contact with industry executives. kim is contacted by the ceo of a large oil and gas corporation who wants batts brothers to underwrite a secondary offering of the company's stock. the ceo offers kim the opportunity to fly on his private jet to his ranch in texas for an exotic game hunting expedition if kim's firm can complete the underwriting within 90 days. according to cfa institute standards of conduct, kim: a) may accept the offer as long as he discloses the offer to batts brothers.b) may not accept the offer because it is considered lavish entertainment.c) must obtain written consent from batts brothers before accepting the offer.

Royal motor corp. generates a major portion of its revenues by manufacturing luxury sports cars. however, the company also derives an insignificant percent of its annual revenues by selling its sports merchandise that includes apparel, shoes, and other accessories under the same brand name. which of the following terms best describes royal motor corp.? a. aconglomerate b. a subsidiary c. adominant-businessfirm d. a single-business firm