The actions a person takes in purchasing and using products and services, including the mental and social processes that come before and after these actions, are referred to as
A. consumer conduct.
B. purchase protocols.
C. consumer behavior.
D. market research.
E. purchase intentions.
Answer: C
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On August 1, Covington Motors pays £18,000 for insurance coverage for the next 12 months. On August 1, the firm records the following journal entry:
a. Prepaid Insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18,000 Insurance Expense . . . .. . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . 18,000 b. Prepaid Insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18,000 Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18,000 c. Insurance Expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18,000 Prepaid Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18,000 d. Liability for Prepaid Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18,000 Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18,000 e. Prepaid Insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . 18,000 Liability for Prepaid Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 18,000
________ is a voluntary benefit consisting of vacation/annual leave, personal time off, sick days, holidays, and severance pay.
A. Contributory pay B. Paid time off C. Deferred compensation D. Fiduciary rule E. Family Medical Leave
The current ratio is
A. Cash, short-term investments, accounts receivable, and inventory divided by current liabilities. B. Current assets divided by current liabilities. C. Cash and short-term investments divided by current liabilities. D. Cash, short-term investments, and accounts receivable divided by current liabilities.
Betsy Ross and Delia Smart were the only partners in a new business. Betsy contributed $100,000 to the business and Delia contributed $50,000. No thought was given as to how profits were to be divided
At the end of the first year the business made $30,000 profit, and Betsy had done 50% more work than Delia. How will the profits be shared? A) As there was no express agreement, the Partnership Act will apply to establish the split. B) The split will be according to their respective contribution of capital, so Betsy will get $20,000 and Delia $10,000. C) The split will be according to their respective contribution of labour, so Betsy will get $18,000and Delia $12,000 D) The split will be equal E) Both A and D