Taffy Company requires customers to pay before products are shipped. On December 26, the company received $14,700 from the Goodie Company. On December 31, Taffy shipped half of the order to Goodie. What adjusting entry, if any, should Taffy make on December 31?
a. Debit Cash and credit Unearned Revenue for $14,700; b. Debit Cash and credit Revenue for $14,700; c. Debit Unearned Revenue and credit Revenue for $14,700;
d. Debit Unearned Revenue and credit Revenue for $7,350; e. Taffy should wait until the entire order is shipped before making an adjustment.
D
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Quality Services is an organization that operates several companies that market food products, restaurant equipment, and paper and plastic products, and it even has a division that counsels restaurant owners, helping them launch new restaurants successfully. Quality Services is pursuing a _____ strategy.
A. single-product B. diversification C. focused-differentiation strategy D. differentiation E. multiproduct
The Storage Bin Warehouse has reported a number of break-ins in the past few weeks. As a salesperson for No-Doubt Security Products, you believe your extensive line of alarm systems and locks could greatly benefit the retailer. You make an appointment with the Storage Bin manager for early next week. During your preparation for the sales call you learn the warehouse currently uses poor quality locks and has no security system. You plan to offer the manager a security package consisting of 150 Sure-Bolt locks at a price of $10 each and a new alarm system costing $5,000. The terms of the sale are 2/10 net 30. Assuming the Storage Bin manager purchases your suggested order and pays for it in one week, what would be the total cost?
A. $6,500 B. $6,776 C. $6,630 D. $6,237 E. $6,370
Which is true about level one service desk analysts?
A. They typically document all details of incidents throughout their lifecycle. B. They retain incident ownership only while they are working on the incident. C. They provide updates to customers throughout each incident's lifecycle. D. Their primary responsibility is to resolve complex incidents that involve a lot of time and research.
Answer the following statements true (T) or false (F)
With pooling of interests, total stockholders’ equity of the combined enterprise would be equal to the sum of the separate companies’ equities immediately prior to the combination.