What accounts are recorded in an entry when a purchase on account of $250.00 is made under the periodic system and freight of $60.00 is paid?
a. Cost of Goods Sold and Freight-In are debited, Cash and Accounts Receivable are credited.
b. Cost of Goods Sold and Purchases are debited, Cash and Freight-In are credited.
c. Purchases and Freight-In are debited, Accounts Payable and Cost of Goods Sold are credited.
d. Purchases and Freight-In are debited, Cash and Accounts Payable are credited.
e. Cost of Goods Sold and Accounts Receivable are debited, Accounts Payable and Cash are credited.
d
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Feathertouch Company sold merchandize worth $800 on credit, terms n/15 . The merchandize sold had cost $550 . What is the required journal entry to record the transaction under the perpetual inventory system?
a. Accounts Receivables 800 Sales 800 Cost of Goods Sold 550 Merchandize Inventory 550 b. Sales 800 Accounts Receivables 800 Merchandize Inventory 550 Cost of Goods Sold 550 c. Accounts Receivables 800 Merchandize Inventory 800 Cost of Goods Sold 250 Merchandize Inventory 250 d. Merchandize Inventory 800 Sales 800 Cost of Goods Sold 550 Merchandize Inventory 550
A company plans to interview 10 recent graduates for possible employment. The company has three positions open. How many groups of three can the company select?
What will be an ideal response?
Which of the following guidelines is appropriate when preparing memo and letter reports?
a. Use personal writing style, including first- and second-person language. b. Use deductive approach, regardless of the type of message. c. Avoid the use of headings and subheadings. d. All the above are appropriate.
A recent article analyzing the results from over 100 executive pay studies shows that the best predictor of executive pay is by far
A. firm size. B. the industry in which the firm operates. C. the number of insiders on the board of directors. D. firm performance.