Saturn, Inc. paid the rent for the current month in cash. Which of the following accounts will be used to record the transaction?
A) Prepaid Rent
B) Rent Payable
C) Rent Revenue
D) Rent Expense
Answer: D) Rent Expense
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Which population group is most likely to spread incorrect information?
A) Public affairs B) Trolls C) The misguided D) Unhappy customers E) Ragers
The board of directors of Chandler Company declared a cash dividend. Which of the following choices accurately reflects how this event would affect the elements of the company's financial statements? Assets=Liab.+Stk.EquityRev.?Exp.=Net Inc.Stmt. ofCash FlowsA.NA + ?NA + ?NAB.? NA ?NA NA NA?FAC.? NA ?NA NA NA?OAD.NA + ?NA NA NANA
A. Option A B. Option B C. Option C D. Option D
P.D. Corporation is considering the purchase of a high-speed lathe that has an invoice price of $250,000
The cost to ship the lathe to P.D.'s factory is $10,000, and the existing facilities will require modifications that are expected to cost $20,000. The machine will be depreciated on a straight-line basis over its useful life of 10 years, assuming no salvage value. P.D. Corporation is planning on paying for the lathe using a line of credit at the bank that has an interest rate of 6 percent per year. The lathe is expected to increase production and sales. Sales are expected to increase by $100,000 per year. Inventory and accounts receivable balances are expected to increase by $10,000 and $20,000 respectively. Expenses to operate the lathe are $25,000 per year. P.D.'s marginal tax rate is 40%. a. Calculate the initial outlay required to fund this project. b. Calculate the incremental after-tax cash flow in year one of the project.
Which of the following is a posttest method for measuring advertising effectiveness conducted in a field setting?
A. consumer juries B. recognition tests C. physiological measures D. portfolio tests E. readability tests