Johansen Company issued a bond at a discount. Which of the following shows how the issuance of the bonds affects the elements of the financial statements? Assets=Liab.+Stk.EquityRevenue?Expense=Net Inc.Stmt. ofCash FlowsA.+=++NANA?+=?+OAB.+=++NANA?NA=NA+FAC.+=++?NA?+=?+FAD.+=++NANA?NA=NA+OA
A. Option A
B. Option B
C. Option C
D. Option D
Answer: B
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Charlie Company had $1,800 of supplies on hand at January 1 . During the year, supplies with a cost of $4,000 were purchased. At December 31, the actual supplies on hand amount to $1,300 . After the adjustments are recorded and posted at December 31, determine the balances in the Supplies and Supplies Expense accounts. Supplies Supplies Expense
a. $1,800 $4,000 b. $1,300 $4,500 c. $5,300 $5,800 d. $1,300 $5,800
In Hong Kong and Singapore, efficient postal services, highly educated populations, wide use of credit cards, and high per capita income are attracting the attention of catalog marketers
Indicate whether the statement is true or false
Sentra Sporting Company sells tennis rackets and other sporting equipment. The purchasing department manager prepared the inventory purchases budget. Sentra's policy is to maintain an ending inventory balance equal to 15% of the following month's cost of goods sold. January's budgeted cost of goods sold is $70,000. October November December Budgeted cost of goods sold60,000 40,000 50,000 Plus: Desired ending inventory6,000 ? ? Inventory needed66,000 ? ? Less: Beginning inventory9,000 ? ? Required purchase (on account)57,000 ? ? What would be the required purchases (on account) for December?
A. $53,000 B. $47,000 C. $50,000 D. $60,500
Imaginative Web sites, smartphone apps, and social media allow marketers to deliver messages that are direct and personal so consumers can ________
A) live the brand B) sustain the brand C) deliver the brand D) enhance the brand E) establish the brand