Drilling down into data means ________
A) changing the format of stored data
B) grouping data into clusters
C) dividing the data into more detail
D) downsizing a database by deleting files
C
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Activity drivers measure the number of times an activity is performed
Indicate whether the statement is true or false
After analyzing information gathered from prospects who did not buy from the company, it becomes apparent that prospects felt that the sales representatives did not know about the full line of products they carried or understand their uses
The prospects most likely did not buy because they could not: A) ensure that the company's billing process was ethical B) understand what their business objectives were C) pay the high prices the company was charging D) store the chemicals once they were delivered E) trust the sales reps to sell them the correct products
Technology makes is easier to communicate with distributed team members, therefore talking face to face is not necessary.
Answer the following statement true (T) or false (F)
On January 1, Year 1, Stratton Company borrowed $100,000 on a 10-year, 7% installment note payable. The terms of the note require Stratton to pay 10 equal payments of $14,238 each December 31 for 10 years. The required general journal entry to record the payment on the note on December 31, Year 2 is:
A. Debit Notes Payable $7,000; debit Interest Expense $7,238; credit Cash $14,238. B. Debit Interest Expense $6,493; debit Notes Payable $7,745; credit Cash $14,238. C. Debit Notes Payable $10,000; debit Interest Expense $4,238; credit Cash $14,238. D. Debit Notes Payable $14,238; credit Cash $14,238. E. Debit Interest Expense $7,000; debit Notes Payable $7,238; credit Cash $14,238.