The following information should be used for questions 81-90.The transactions listed below took place at the Mitchell Advertising Agency. These transactions affected the following accounts. Indicate the accounts affected and use plus and minus to show the changes caused by each transaction.CashK. Mitchell, CapitalAccounts ReceivableRevenueEquipmentExpensesAccounts Payable?Received cash from credit customers
What will be an ideal response?
plus Cash; minus Accounts Receivable
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Identify a true statement about goal setting.
A. General goals lead to higher levels of effort and performance than specific goals. B. Worker acceptance and satisfaction tend to decrease when workers are allowed to participate in setting goals. C. Follower participation in goal setting often leads to higher levels of commitment and performance if the leader is perceived to be incompetent. D. General goals work better than specific goals because they provide enough information regarding which behaviors are to be changed.
On January 1, 2018, Shade Landscaping borrowed $100,000 on a 15%, 10-year note with annual installment payments of $10,000 plus interest due on December 31 of each year.
Prepare the journal entry for the first installment payment made on December 31, 2018. Omit explanation.
The output of the master schedule is a(n) ______.
A. material requirements plan B. operations plan C. master production schedule D. production plan
A baseball team ordered 500 wooden baseball bats from Bats, Inc, for delivery on June 1 . On May 15, the ball team received 500 aluminum bats instead of the wooden ones. As of May 16, Bats, Inc:
a. may cure before June 1. b. has breached the contract and is liable for damages. c. has breached the contract only if the baseball team rejects the goods. d. may cure if done within a reasonable time, even if it is after June 1.