A Markov assumption is that the probabilities apply to ________ system participants
A) none of the
B) the major
C) some
D) all
Answer: D
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Abby and Bailey are partners who share income in the ratio of 2:1 and have capital balances of $60,000 and $30,000, respectively. With the consent of Bailey, Sandra buys one-half of Abby's interest for $35,000 . For what amount will Abby's capital account be debited to record admission of Sandra to the partnership?
a. $40,000 b. $15,000 c. $35,000 d. $30,000
On September 12, Vander Company sold merchandise in the amount of $8600 to Jepson Company, with credit terms of 2/10, n/30. The cost of the items sold is $5400. Jepson uses the periodic inventory system and the gross method of accounting for purchases. The journal entry that Jepson will make on September 12 is:
A.
| Purchases | 5400? | |
| Accounts receivable | 5400? |
B.
| Accounts payable | 5400? | |
| Merchandise inventory | 5400? |
C.
| Merchandise inventory | 8600? | |
| Accounts payable | 8600? |
D.
| Purchases | 8600? | |
| Accounts receivable | 8600? |
E.
| Purchases | 8600? | |
| Accounts payable | 8600? |
When projecting future cash flows of an investment ________.
A) cash flows include depreciation B) cash inflows and outflows are treated separately, rather than being netted together C) cash flows are projected by accounting personnel without considering input from other departments D) the initial investment is a significant cash outflow that is treated separately from all other cash flows
The dimensions of need discovery usually begin with:
A) asking appropriate questions B) configuring a solution C) listening to customer response D) establishing a buying motive E) acknowledging customer response