Emergency room employees select and see patients in an order based on the patients' need for treatment. Victims who have life-threatening injuries are seen ahead of those with minor complaints like an ingrown toenail or a case of poison ivy. Emergency rooms differentiate their waiting customers on the basis of:
A. Willingness to perform service role
B. Payment of a premium price
C. Urgency of the job
D. Duration of the service transaction
E. Importance of the customer
Answer: C
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The receiving report is used to
a. accompany physical inventories to the storeroom or warehouse b. advise the purchasing department of the dollar value of the goods delivered c. advise general ledger of the accounting entry to be made d. advise the vendor that the goods arrived safely
On June 3, Maryland Company purchased merchandize worth $800 on credit, terms 2/10, n/30 . The amount paid on June 10 . What is the required journal entry to record the payment under the periodic inventory system?
a. Accounts Payable 784 Purchases Discounts 16 Cash 800 b. Accounts Payable 800 Purchases Discounts 16 Cash 784 c. Cash 784 Purchases Discounts 16 Accounts Payable 800 d. Cash 800 Purchases Discounts 16 Accounts Payable 816
St. Petersburg Company makes a $1,200 purchase of merchandise inventory for cash. This transaction will be recorded in the ________.
A) cash payments journal B) general journal C) cash receipts journal D) purchase journal
You are contemplating starting a business in the next few months. You have expertise in both goods-based and services-based businesses, but aren’t sure which route to take. You are, however, determined to develop jobs for the small factory town in which you grew up.
a. Demand for consumer services has grown more rapidly than for business services. b. Demand for consumer services and business services are growing by approximately the same rate. c. Demand for consumer services is expected to surpass the demand for business services over the next 10 years. d. Demand for both consumer services and business services are expected to decline over the next 10 years. e. Demand for business services has grown more rapidly than for consumer services.