Business-related reasons for selling do not include which of the following?
a. possible trouble for the owner with suppliers
b. changes in leasehold conditions
c. changes in the product supply chain
d. changes in zoning that affect the business
ANSWER: c
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A disbursement voucher is designed to reflect formal approval of the voucher for payment and to provide such added data as the account distribution and the amounts to be debited
Indicate whether the statement is true or false
If the Allowance for Doubtful Accounts has a $1,000 debit balance prior to making the end-of-period adjusting entry for bad debts using the aging of accounts receivable method, then it must mean that the:
A. debit to Bad Debt Expense will be $1,000 less than if the Allowance balance had been $0. B. direct write-off method was used. C. percentage of sales method was used. D. debit to Bad Debt Expense will be $1,000 more than the desired ending balance in the Allowance for Doubtful Accounts.
Which of the following countries is one of the five economic "tigers" of East Asia?
A) Indonesia B) Malaysia C) Thailand D) Taiwan
Market research and advertising are part of which business function?
a. materials management b. finance c. marketing d. production