Working capital is the money needed to pay for short term expenses-such as employee salaries, advertising, and marketing research-as they occur.
Answer the following statement true (T) or false (F)
True
A firm needs working capital-money to pay for short-term expenses such as employee salaries, advertising, marketing research, inventory storing costs, and what the firm owes suppliers.
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Your bookkeeper is off for the day and you are trying to figure out what her last entry in the journal could be for. Unfortunately, she only recorded the debit side of the transaction as $4,400 to Accounts Payable. It is possible that this debit could correspond to:
a. A purchase of equipment costing $4,400 on credit. b. A payment of $4,400 to a supplier to settle a balance due. c. A $4,400 sale to a customer. d. A $4,400 issuance of the company's capital stock.
The process of buying materials, components and services and working with suppliers is known as ________.
Fill in the blank(s) with the appropriate word(s).
The basic quality tool used to identify the causes of problems is known as
A) scatter plot. B) run chart. C) fishbone diagram. D) process map.
The third phase in the SDLC is planning and in this phase the analyst thoroughly studies the organization's current procedures and the information systems used to perform organizational tasks
Indicate whether the statement is true or false