In an OLTE system, data entry can be completed by using
A. bar code readers
B. scanners
C. RFID readers
D. all of the choices are correct
Answer: B
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On January 1, Year 1, Jones Company issued bonds with a $240,000 face value, a stated rate of interest of 8.5%, and a 5-year term to maturity. The bonds were issued at 99. Interest is payable in cash on December 31st of each year. The company amortizes bond discounts and premiums using the straight-line method.What is the amount of cash outflow from operating activities shown on Jones' statement of cash flows for the year ending December 31, Year 2?
A. $19,920 B. $20,400 C. $20,880 D. $21,360
Which of the following items is not contained in the standard report on a review of separately issued interim financial statements of public companies?
a. A description of the information reviewed. b. A statement indicating that the standards of the PCAOB were followed in performing the review. c. A description of the nature of the review. d. Positive assurance that the auditor is not aware of any material departures from GAAP.
If fixed costs are $1,400,000, the unit selling price is $240, and the unit variable costs are $110, what is the amount of sales required to realize an operating income of $200,000?
A) 10,769 units B) 12,000 units C) 12,308 units D) 1,538 units
Which of the following would probably be a fixed cost in a fast-food restaurant?
A) cost of hamburger B) cost of french fries C) shift manager's salary D) utility cost