A company performs 20 days of work on a 30-day contract before the end of the year. The total contract is valued at $6,000 and payment is not due until the contract is fully completed. The required adjusting entry includes a $4,000 debit to Unearned Revenue.
Answer the following statement true (T) or false (F)
False
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At Camden Windows and Doors, orders have significantly exceeded projections, and Nischal, the operations director, has decided to hire for a third shift in the plant. Nischal is clearly operating with the use of a(n) ______ budget.
A. zero-based B. incremental C. variable D. fixed E. cash
Which one of the following is not a crucial element in Target's overall retail strategy?
a. growth-oriented objectives b. a focus on its discount store niche c. sale of goods at the lowest competitive price d. strong customer service for its retail category
One reason retailers are reluctant to use distribution centers is that retail store space is typically much less expensive than space at a distribution center, so it is more cost-effective to store merchandise and get it ready for sale at the retail store rather than at a distribution center.
Answer the following statement true (T) or false (F)
The actual return on a bond is dependent upon which of the following? I. the coupon rate II. the reinvested interest rate III. any changes in par value IV. any changes in market price
A) I, II and III only B) II, III and IV only C) I, III and IV only D) I, II and IV only