A company forgot to record four adjustments during 2013 . Which one of the following omissions of adjustments will overstate assets?
a. Sales made during the last week of the period are not recorded.
b. Interest on monies borrowed has not yet been recorded.
c. Prepaid insurance is not reduced for the portion of the policy that has expired during the period.
d. Income taxes owed but not yet paid are ignored.
c
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In two-tier architecture, the database and application functions are separated
Indicate whether the statement is true or false
John is an owner of a franchise that produces custom signs and banners. Prior to the recession, the majority of John’s business came in the form of walk-in and repeat customers. After the recession, the amount of traffic to his shop dwindled and his business was suffering. John decided to hire an outside salesperson to actively find new business rather than wait for new business to come to him. What type of change did John implement?
a. strategy b. structure c. technology d. people
A job order production system would be appropriate for a company that produces which one of the following items?
A. Small gardening tools, including rakes, shovels, and hoes. B. Sacks of yard fertilizer. C. Seedlings for sale in a nursery. D. Packets of flower seeds. E. A landscaping design for a new hospital.