Which document is included with a shipment sent to a customer?
a. sales invoice
b. stock release form
c. packing slip
d. shipping notice
C
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When recording the conversion of preferred stock into common stock, if the total contributed capital eliminated in regard to the preferred stock is less than the common stock par value, the difference is debited to
A) Additional Paid-in Capital on Preferred Stock. B) Additional Paid-in Capital on Common Stock. C) Shareholders' Equity. D) Retained Earnings.
The amount of accumulated depreciation for the budgeted balance sheet of a merchandising company can be obtained from the ________.
A) cash budget B) selling and administrative expense budget and the prior balance sheet C) cash payments for selling and administrative expense budget D) financial budget
Compton Company expects the following total sales: MonthSalesMarch$30,000April$20,000May$30,000June$25,000The company expects 60% of its sales to be credit sales and 40% for cash. Credit sales are collected as follows: 30% in the month of sale, 70% in the month following the sale. The budgeted accounts receivable balance on May 31 is:
A. $20,400. B. $12,600. C. $21,000. D. $12,240.
The trait approach to leadership has shown that:
a. there is not a strong link between any single trait and good leadership. b. the best leaders are usually the most aggressive members of the group. c. good leaders are more achievement-oriented than power-oriented. d. good leaders act consistently and rarely change depending on the situation.