Bisou Inc. made a $48,200 contribution to charity this year. Only $39,000 of the contribution was deductible. Bisou can carry the $9,200 nondeductible contribution back three years and forward five years.

Answer the following statement true (T) or false (F)


False

Business

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Why might organizations be implementing training programs to increase cultural sensitivity, tolerance, and appreciation of diversity in the workplace?

a. because everyone is so sensitive in today’s society b. because they believe they will be profitable c. because they are good for employee happiness d. because they can promote mutual respect and perception checking

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Harvest Catering is a local catering service. Conceptually, when should Harvest recognize revenue from its catering service?

a. At the date the customer places the order b. At the date the meals are served c. At the date the invoice is mailed to the customer d. At the date the customer's payment is received

Business

Preston Office Furniture uses the periodic inventory system and the gross method of accounting for sales. It had the following transactions during the month of May: May 3Sold merchandise to a customer on credit for $600, terms 2/10, n/30. The cost of the merchandise sold was $350.May 4Sold merchandise to a customer for cash of $425. The cost of the merchandise was $250.May 6Sold merchandise to a customer on credit for $1,300, terms 2/10, n/30. The cost of the merchandise sold was $750.May 8The customer from May 3 returned merchandise with a selling price of $100. The cost of the merchandise returned was $55.May 15The customer from May 6 paid the full amount due, less any appropriate discounts earned.May 31The customer from May 3 paid the full amount due, less any appropriate

discounts earned.Prepare the required journal entries that Preston Office Furniture must make to record these transactions. What will be an ideal response?

Business

Which of the following is true concerning instant messaging (IM)?

a. Most companies use IM in some way. b. Special hardware is needed to IM. c. Spelling and grammar are as important in IM as in email. d. All of the above are true.

Business