A customer has been on a carpet company's website several times, viewing different carpets. Although the company has access to this data, by the time it analyzes the data and makes the customer a relevant offer in the form of a discount code, the customer has already purchased a carpet from another website. With regard to big data, this is a matter of
A. variety.
B. value.
C. veracity.
D. volume.
E. velocity.
Answer: E
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One of the benefits of giving a presentation online is
A) the ability to reach a geographically dispersed audience. B) production costs. C) the ability to see and respond to nonverbal cues. D) the ability to change to presentation "live." E) the lack of face-to-face feedback from the audience.
A company's unearned rental revenue account increases from the beginning to the end of the year. In the statement of cash flows using the direct method, the cash collected from tenants would be
A) rent revenue plus unearned rent revenue at the beginning of the year. B) rent revenue plus the increase in unearned rent revenue during the year. C) rent revenue minus the increase in unearned rent revenue during the year. D) equal to rental revenue on the income statement.
Answer the following statements true (T) or false (F)
1. When using a periodic inventory system, the Merchandise Inventory DR column, in the purchases journal, is replaced with a column titled Cost of Goods Sold DR. 2. Purchases on account are recorded in the purchases journal. 3. The Other Accounts DR columns of a purchases journal are used for recording merchandise inventory and office supplies. 4. Entries from the purchases journal are posted monthly to the accounts payable subsidiary ledger and daily to the general ledger. 5. When using a purchases journal, Accounts Payable is always credited.
Explain the use of purchase orders as a measure of internal control.
What will be an ideal response?