________ are the major source of unsecured short-term financing for business firms
A) Accounts receivable
B) Term loans
C) Notes payable
D) Accounts payable
D
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Competitive distribution structures cannot differ in the same market
Indicate whether the statement is true or false
Rients Corporation is a service company that measures its output by the number of customers served. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results of operations for October. Fixed Element per MonthVariable Element per Customer ServedActual Total for OctoberRevenue $4,100$182,900Employee salaries and wages$42,300 $1,300$98,800Travel expenses $700$30,500Other expenses$31,500 $31,900When the company prepared its planning budget at the beginning of October, it assumed that 39 customers would have been served. However, 44 customers were actually served during October.The revenue variance in the Revenue and Spending Variances column of a report comparing actual results to the flexible budget
for October would have been closest to: A. $2,500 U B. $23,000 F C. $2,500 F D. $23,000 U
On-time delivery is crucial to a business customer, since a late delivery may hold up a production line or cause the firm to lose sales.
Answer the following statement true (T) or false (F)
Which of the following statements about the unadjusted trial balance is correct?
A. A trial balance shows the ending balances obtained from the ledger listed in either the asset or liability column. B. You can assume that no errors were made in the recording of transactions if total debits equal total credits on the unadjusted trial balance. C. A trial balance is an external report used to determine whether total assets equal total liabilities. D. A trial balance lists every account name in one column, usually in the order of assets, liabilities, stockholders' equity, revenues and expenses.