All of the following are equity accounts on a balance sheet EXCEPT
A) retained earnings. B) paid-in capital.
C) cash. D) common stock.
C
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The Long Island Railroad installed ticket vending machines in train stations to expedite the purchase of train tickets during periods of peak demand. The Long Island Railroad is using which of the following waiting line strategies?
A. Making waiting fun or at least tolerable B. Employing operational logic to reduce wait C. Establishing a reservation process D. Differentiating waiting customers E. Expanding waiting room capacity
________ conflict balances the interests of both parties to maximize mutual gains and the attainment of mutual goals.
A. Values B. Information C. Dysfunctional D. Constructive E. Structural
Which of the following is not an advantage of standard costing over normal costing and actual costing?
A) A greater capacity for control. B) Providing for readily available unit cost information. C) Computing a unit cost for each equivalent unit cost category is not necessary. D) Ability to easily distinguish the FIFO and weighted average methods of accounting for beginning inventory costs. E) All of these are advantages of standard costing.
List several factors that an organization might consider when developing a sales forecast.
What will be an ideal response?