Prior to recording adjusting entries on December 31, a company's Office Supplies account had an $780 debit balance. A physical count of the supplies showed $425 of unused supplies available as of December 31. Prepare the required adjusting entry.
What will be an ideal response?
Business
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If your bank gives you a $2,000 loan at 8% per year, but deducts the interest in advance, is 8% the "real" rate of interest that you will pay?
a. Yes. b. No. The interest rate is actually lower than 8 percent. c. No. The interest rate is actually higher than 8 percent. d. There is not enough information to answer this question accurately.
Business
Mini-Case Question. The current relative market share of Sparks Inc. is ________
A) 166.7 B) 133.3 C) 105.5 D) 75.5 E) 60
Business
Which of the following is an example of unpublished secondary data??
A) ?Internet resources B) ?Brochures C) ?Medical records D) ?Technical reports
Business
Differentiate between revenue and expenses.
What will be an ideal response?
Business