The following information should be used for questions 90-97.CashAccounts ReceivableOffice EquipmentOffice SuppliesAccounts PayableBrandon Phipps, CapitalBrandon Phipps, DrawingFees IncomeRent ExpenseSalaries ExpenseUtilities ExpenseFor each of the following transactions determine the accounts to be debited and credited.Issued a check to a creditor
What will be an ideal response?
Debit Accounts Payable; credit Cash
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What is the operating cycle of a business? How does this impact the classification of assets into current and noncurrent categories?
The purchase of supplies on credit should be recorded with a debit to Supplies and a credit to Accounts Payable.
Answer the following statement true (T) or false (F)
When its sales were declining, Canadian Airline conducted a marketing survey to understand the expectations of the business traveler, its target market. It learned business travelers resent they are bosses in their own offices but are totally controlled by the airlines when they travel. Canadian Airline instituted gate-side business centers, shower facilities and massage chairs as well as continuous "power to the seat" for those who want to work on their laptops. By listening to its business travelers and providing the services they want, Canadian Airline's sales started increasing. What service recovery strategy did Canadian Airline use?
A. Act quickly B. Make the service fail safe C. Encourage and track complaints D. Learn from recovery experience E. Treat customers reactively
The time for a professor to grade an exam is normally distributed with a mean of 16.3 minutes and a standard deviation of 4.2 minutes. The interval around the mean that contains 68% of the times needed to grade exams is ________
A) 12.1, 20.5 B) 7.9, 24.7 C) 5.8, 26.8 D) 3.7, 28.9