Failure to adjust for accrued wages at year end will result in an
a. overstatement of liabilities.
b. understatement of assets.
c. understatement of stockholders' equity.
d. overstatement of net income.
D
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Setting a very challenging goal for yourself, such as "I will double the number of hours I study next semester so that I can increase my GPA by at least half a point," can keep you motivated and focused on achievement. This type of goal, which involves pushing yourself beyond what you mind might think is safe is known as a(n)
A. increased-state mindset. B. push goal. C. stress goal. D. inclining goal. E. stretch goal.
What is the relation between the customer retention (CR) and average customer life (N)?
A) CR=1/N B) CR=1+(1/N) C) CR=N/2 D) CR=(N-1)/2 E) CR= 1-(1/N)
A company pays for 25 percent of its purchases by credit terms n/60, 40 percent of its purchases by credit terms n/30, and the remaining 35 percent by a two-month advance payment. The sources for June's cash payments schedule for direct materials would not include which of the following?
A) June's schedule of expected cash payments for direct materials B) August's schedule of expected cash payments for direct materials C) May's schedule of expected cash payments for direct materials D) April's schedule of expected cash payments for direct materials
NetKart is a newly launched online bookstore. The firm embarks on an advertising campaign
with a view to introduce its services to online customers and build awareness of its brand. Which of the following advertising objectives is the most appropriate for NetKart? A) reminder advertising B) reinforcement advertising C) persuasive advertising D) informative advertising