If data for a time series analysis are collected on an annual basis only, which of the following components may be ignored?
A. trend
B. seasonal
C. cyclical
D. irregular
Answer: B
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At the year end inventory count, if goods in transit are shipped FOB destination, they should be included in the inventory count of
a. The seller b. The buyer c. Neither the buyer nor the seller
When a new partner is admitted to a partnership, bonuses attributable to either the old partnership or to the incoming partner may be recognized in accordance with the agreement among the partners
Indicate whether the statement is true or false
Marketing services is more challenging than marketing goods because:
a. of the unique characteristics of services, which includes intangibility, inseparability, heterogeneity, and perishability. b. consumers and business users can easily evaluate the quality of services. c. services tend to exhibit less experience and credence qualities. d. all service providers compete against each other, but firms selling tangible goods complement each other.
A $49,000, three-month, 12% note payable was issued on December 1, 2017. What is the amount of accrued interest on December 31, 2017?
A) $490 B) $708 C) $354 D) $823