What are the implications of the trends of points in a scatter diagram?
A general trend of the points going up and to the right indicates that an increase in
one variable corresponds to an increase in the other. If the trend is down and to the
right, an increase in one variable corresponds to a decrease in the other. If no trend
can be seen, then it would appear that the variables are not related.
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On December 31, Winters Company received a $385 bill for the purchase of supplies in December that it will not pay for until January 15. Winters follows a policy of recording all prepaid expenses to asset accounts at the time of cash payment. The adjusting entry needed on December 31 to accrue this cost is:
A. Debit Accounts Payable $385; credit Cash $385. B. Debit Accounts Payable $385; credit Supplies $385. C. Debit Supplies Expense $385; credit Cash $385. D. Debit Supplies $385; credit Accounts Payable $385. E. Debit Supplies Expense $385; credit Supplies $385.
Identify the stage of the product life cycle where distributors have more power in the relationship with manufactures or service suppliers
A) introduction stage B) growth stage C) maturity stage D) decline stage
Clay and Lora each invest $15,000 in Deyer, Inc and are given shares of stock as evidence of their ownership interest. What effect does this transaction have on the accounting equation of Deyer?
A) Assets and liabilities increase B) Assets and contributed capital increase C) Liabilities increase and retained earnings decrease D) Assets and liabilities decrease
A ______ contract includes a return clause that allows the supplier to buy back unsold inventory up to a specified amount at an agreed-upon price.
a. buyback b. quantity-flexibility c. revenue-sharing d. cost-plus