In many states, a hotel is not liable for the loss of any cash or property that guests bring into their rooms if the hotel is not negligent.
Answer the following statement true (T) or false (F)
True
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The key to the classification of an amount as cash is that it be available to pay debts within a three-month period of time
a. True b. False Indicate whether the statement is true or false
The major components of the income statement are listed below: ? A = revenues B = income from continuing operations C = earnings per share D = results from discontinued operations E = operating income In what sequence do they normally appear on the income statement?
A) B-A-E-D-C B) E-B-A-C-D C) A-E-B-D-C D) B-D-C-D-E
For a firm considering AIS and IT initiatives, accountants can play an important role in which of the following ways?
A. Implementing the controls in the new technology. B. Entering transactions into the new system. C. Developing and reviewing the business case for the initiatives. D. Auditing the financial statement reports created by the new system.
Stage Technologies is a London-based company that supplies engineering solutions for the entertainment industry. It has helped the boy-band Westlife make a flying entrance onto stage and provided stage-rigging packages for the Princess cruise line. The company was established in 1994 after a couple of production designers decided that the automation of theater productions could be done more safely and more efficiently by using modular production rather than the old "build-as-needed" formula. The company installs wenches, stage lifts, and other equipment commonly used in stage productions. The equipment is designed so it can be operated from a single console without heavy lifting. Both opera companies and theaters see the benefit of such a system, but many are reluctant to buy because of
perceived costs.Joseph Harris is the company's best salesperson. Harris is making a sales call on the manager of a theater that is planning to perform three plays this season that include complicated lifting, flying, and a working trapdoor. The manager is aware of the time, labor, and monetary costs involved in staging these productions and wishes there was an easier way to produce the three plays.The theater manager is most likely at the: A. preconscious level and will require a lengthy sales presentation. B. routine decision level and anxious about the purchase. C. routine decision level with few objections. D. conscious level and easy to sell to. E. unconscious level and will be a difficult sell.