All of the following employees hold line positions in Anthea Electric EXCEPT:
A) vice president of production
B) vice president of finance
C) manager of the Valhalla Plant
D) vice president of sales
B
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Answer the following statements true (T) or false (F)
1. Petty cash is a fund containing a small amount of cash that is used to pay for minor expenditures. 2. A key to strong control over petty cash is to ensure that several persons serve as custodian at one time. 3. All petty cash fund payments should be supported with sequentially numbered petty cash tickets. 4. The journal entry to open a new petty cash fund includes a debit to the Petty Cash account and a credit to the Cash account.
Marvin Company issues $125,000 of bonds at face value on January 1. The bonds carry a 6% annual stated rate of interest. Interest is payable in cash on December 31 of each year. Which of the following shows the effect of the first interest payment on the elements of the financial statements? Assets=Liab.+Stk.EquityRevenue?Expense=Net Inc.Stmt. ofCash FlowsA.(7,500)=(7,500)+NANA?NA=NA(7,500)FAB.(7,500)=NA+(7,500)NA?7,500=(7,500)(7,500)FAC.(7,500)=(7,500)+NANA?NA=NA(7,500)OAD.(7,500)=NA+(7,500)NA?7,500=(7,500)(7,500)OA
A. Option A B. Option B C. Option C D. Option D
John Crichton applied for a trademark logo at the U.S. Patent and Trademark Office for his new startup company, stating that he would use the logo in commerce within the next six months. After six months, he had not yet used the logo. Which of the following options does trademark law allow John Crichton so that he can retain his logo until he uses it in commerce?
A. Pay a fine so that the trademark gets registered immediately. B. Change the logo slightly and reapply for the modified logo. C. Cancel the current application and re-apply for the same logo. D. Apply for a six-month extension to use the logo in commerce.
Which of the following is an example of a digital report?
A) A report prepared as a PDF document B) A PowerPoint slide deck that is posted online C) A presentation using a cloud-based software solution such as Prezi or SlideRocket D) All of these choices are examples of digital reports.