Clifford Moore is starting his computer programming business and has deposited in initial investment of $15,000 into the business cash account. Identify how the accounting equation will be affected
A) Increase Assets (Cash) and increase Liabilities (Accounts Payable)
B) Increase Assets (Cash) and increase Owner's Equity (Clifford Moore, Capital)
C) Increase Assets (Accounts Receivable) and decrease Liabilities (Accounts Payable)
D) Increase Assets (Cash) and increase Assets (Accounts Receivable)
B
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Ingalls Mercantile Inc sells bolts of fabric to retailers for $80 per bolt. The company's accountant has prepared the following sales forecast (in bolts) for the first quarter of 2013: January 600 bolts February 1,000 bolts March 700 bolts Historically, the cash collection of sales has been as follows: 60 percent in the month of sale, 30 percent in the month following sale, and 9 percent in the
second month following sale. Cash receipts for March are expected to be: A) $ 61,920 B) $182,160 C) $ 33,600 D) $ 57,840
Transferred intent occurs when someone attempts to injure someone, but actually injures
another. Indicate whether the statement is true or false
Team effectiveness is defined by three criteria: productive output, satisfaction, and
A. commitment. B. innovation. C. communication. D. speed. E. efficiency.
The Maritime Administration (MARAD) was created to:
a. pay subsidies to U.S. flag carriers who were having difficulty competing against foreign carriers. b. be certain that there would be employment for U.S. sailors and mariners c. prevent the economic decline of the U.S. flag ocean carriers d. in response to ship lines and builders wanting federal aid.