While chains account for about 30 percent of all retail establishments, they account for what percent of total retail sales?
a. 30
b. 50
c. 75
d. 90
c
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Which of the following accounts most likely would have an amount contained in the Income Statement columns of a work sheet but not in Balance Sheet columns of work sheet?
A) Office Supplies Expense B) Property Taxes Payable C) Retained Earnings D) Dividends
Which of the following would be classified as an opportunity in a SWOT analysis of Fun-Spot?
A) A rival amusement park announces plans to open three new rides next season. B) A new luxury hotel is being constructed in the area, with the aim of attracting more high-spending families on vacation. C) Ron and Gail have paid off the mortgage on Fun-Spot, significantly reducing their monthly expenses. D) Fun-Spot employees tend to be enthusiastic and young, projecting an image of fun and vitality. E) Fun-Spot plans to further diversify its offerings by beginning a two-week summer camp for elementary school students.
Which of the following is recorded in the general journal?
A) rendering services for cash B) purchases of supplies on account C) rendering services on account D) closing entries
_____________ describes the set of rules that nations have agreed to follow.
Fill in the blank(s) with the appropriate word(s).