Which of the following accounts probably would contain a smaller dollar amount on the adjusted trial balance than on the trial balance?
A) Office Supplies
B) Accumulated Depreciation-Equipment
C) Cash
D) Wages Expense
A
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Which inventory management system results in longer-term retailer-vendor relationships and frequent reordering?
a. computer-based UPC scanning b. automatic recording c. quick response inventory planning d. economic order quantity
Which of the following have been identified as valid uses of a state's police power?
a. Efforts to address threats to the public health and safety, such as fires and unsanitary conditions. b. Rent control within constitutional limits and efforts to address threats to the public health and safety, such as fires and unsanitary conditions c. Rent control within constitutional limits; efforts to address threats to the public health and safety, such as fires and unsanitary conditions; and restrictions on off-site advertising signs. d. Only efforts involving legislation addressing the conduct of police officers both on and off the job because the state's police power is limited to supervision of law enforcement officers within the state's jurisdiction.
Which of the following is true of cash discount?
A) It increases bad debts because after availing discounts all customers may not pay. B) It decreases the investment in accounts receivable and increases the per unit profit. C) It helps to speed up collections without putting pressure on customers. D) It reduces sales because the customers feel that the products are of inferior quality.
Which antitrust statute carries the most severe penalties?
a. Federal Trade Commission Act b. Clayton Act c. Sherman Act d. Interstate Commerce Act e. the penalties may be the same for all