A company that receives money in advance of performing a service. What is the journal entry for the transaction?
a. Unearned Revenue – Debit; Accounts Payable – Credit
b. Cash – Debit; Unearned Revenue – Credit
c. Cash – Debit; Prepaid Fees – Credit
d. Cash – Debit; Accounts Receivable. – Credit
B
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The standardized regression coefficient is the slope obtained by the regression of y on x when the data are standardized
Indicate whether the statement is true or false
______ means that the labor law will be increasingly affected by trade agreements and global labor standards.
a. Interest in doing business in China b. Globalization c. The U.S. economic dependency on foreign currency d. Increase in business technology usage
Dayton Hardware Store and Leighton Bank enter a loan agreement in which Leighton agrees to lend $10,000 on the security of Dayton's existing store equipment. A security agreement is executed and a financing statement is filed, but no funds are advanced. A week later, Dayton enters a loan agreement with Ramos Bank in which Ramos agrees to lend $10,000 on the security of the same store equipment
The funds are advanced, a security agreement is executed, and a financing statement is filed. A week later, Leighton Bank advances the agreed $10,000. Dayton defaults on both loans. In this case: A) between Leighton Bank and Ramos Bank, Ramos has priority because it advanced the funds before Leighton Bank did. B) between Leighton Bank and Ramos Bank, Leighton Bank has priority because it was the first to deal with Dayton in the matter. C) between Leighton Bank and Ramos Bank, Leighton Bank has priority because priority among security interests perfected by filing is determined by the order in which the financing statements were filed. D) neither bank needed to check filings of financing statements because the filings had no impact on which bank had priority.
Public relations is nonpersonal communication in news story form about an organization, or its products, or both, transmitted through a mass medium at no charge.
Answer the following statement true (T) or false (F)