The ________ system of accounting records revenues when they are earned and records expenses when they are incurred
a. cash
b. accrual
c. single–entry
d. double–entry
b
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A social media strategist noted that “smart brands use ______ in meaningful ways, and most of them use their brand name as a way to make sure customers can find and recognize them.”
A. Blogs B. Twitter C. Facebook D. LinkedIn
Ragged Edge Arts uses a just-in-time (JIT) manufacturing environment. For the month of October, Ragged Edge Arts has completed $2,400 of quilts and paintings. The journal entry required to record the transfer to finished goods is ________
a. Raw and In Process Inventory 2,400 Accounts Payable 2,400 b. Finished Goods Inventory 2,400 Cost of Goods Sold 2,400 c. Finished Goods Inventory 2,400 Raw Materials Inventory 2,400 d. Finished Goods Inventory 2,400 Raw and In Process Inventory 2,400
A strategy of maintaining a union's existing strength in its traditional membership areas through difficult times so it can capture unionization interest when nonunion workers finally become disillusioned with employer behavior is known as:
A. Fortress unionism B. Nonmajority unions C. Uplift unionism D. Union protectionism
The purpose of the restrictive debt covenant that limits the distribution of profits to shareholders is to ________
A) assure the lender that additional borrowing is constrained or may be subordinated to the original loan B) limit the amount of fixed-payment obligations C) ensure a cash shortage does not cause an inability to meet current obligations D) avoid default of payments to bondholders