A write lock on a database allows other users to read the data, but they cannot update any data
a. True
b. False
Indicate whether the statement is true or false
False
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The T-account approach:
A. shows cash provided as credits and cash used as debits. B. does not determine the change in each balance sheet account. C. may be used with the direct method. D. creates one big T-account for cash that replaces separate schedules to show all the changes in the cash account.
October November December Budgeted S&A Expenses Salary expenses10,000 10,500 11,000 Sales commissions, 5% of sales5,000 5,500 5,300 Insurance expenses2,000 2,000 2,000 Rent2,400 2,400 2,400 Depreciation on equipment1,500 1,500 1,500 Utilities1,100 1,300 1,500 Total operating expenses22,000 23,200 23,700 Schedule of Cash Payments for S&A Expenses Salary Expenses? 10,500 ? 100% of prior month sales commissions5,100 ? ? Insurance Expense2,000 2,000 2,000 Rent? ? 2,400 100% of Prior months utilities expenses1,200 ? ? Total payments foe S&A expenses? ? ? The amount of cash paid for S&A expenses during the month of November is:
A. $21,700 B. $21,000 C. $22,200 D. $23,200
Assigning costs
A) involves the way that a cost is linked to some cost object. B) tells the company why the money was spent. C) to a cost object using a reasonable and convenient method is allocation. D) all of these.
Which sentence is correctly punctuated?
A) U.S. Department of Education statistics indicate that by 2020 27 million people will have earned a college degree. B) U.S. Department of Education statistics indicate that by 2020, 27 million people will have earned a college degree.