A retail firm commonly has a positive cash flow in its early years; therefore, drawing accounts in this time period are unnecessary
Indicate whether the statement is true or false
False
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Which of the following is the best reason to separate duties in a manual system?
a. to avoid collusion between the programmer and the computer operator b. to ensure that supervision is not required c. to prevent the record keeper from authorizing transactions d. to enable the firm to function more efficiently
Which way to find new prospects is considered the most reliable and effective?
A. Observation B. Endless chain C. Telemarketing D. Networking E. Center of influence
Describe the concept of sustainability in a business context.
What will be an ideal response?
A company rents a building with a total of 50,000 square feet, which are evenly divided between two floors. The company allocates the rent for space on the first floor at twice the rate of space on the second floor. The total monthly rent for the building is $30,000. How much of the monthly rental expense should be allocated to a department that occupies 10,000 square feet on the first floor?
A. $4,000. B. $5,000. C. $3,000. D. $2,000. E. $8,000.