An attribute is considered to be a non-key attribute when it is a non-prime attribute, which means that the attribute is not contained in any candidate key
Indicate whether the statement is true or false
TRUE
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An anthropological approach in consumer-oriented research involves direct observation of consumers using goods and services
Indicate whether the statement is true or false
Which control does not help to ensure that accurate records are kept of customer accounts and inventory?
a. reconcile accounts receivable control to accounts receivable subsidiary b. authorize credit c. segregate custody of inventory from record keeping d. segregate record keeping duties of general ledger from accounts receivable
In a period of inflation, which of the following combinations of accounting methods will yield the lowest amount of current earnings?
a. LIFO and double-declining-balance method b. FIFO and straight-line method c. LIFO and straight-line method d. FIFO and double-declining-balance method
Cadwell, Inc., a regional business computer sales firm is attempting to sell a convenience store chain, Gas 'N' Go, a new computer-operated pump meter. Terry Williams, owner of the convenience stores, seems interested in Cadwell's initial proposal but believes the price may be too high. The cost per computer is $1,000, but Cadwell could sell Williams 50 computers for $45,000 with terms of the sale being 2/10 net 30. Williams purchases 50 computers and pays for them five days after the purchase, so his ________ is $882.
A. cash discount B. breakeven cost C. trade discount D. unit cost E. gross profit