A transaction in which six months' rent is paid in advance results in which of the following journal entries?
a. Prepaid Rent – Debit; Cash – Credit
b. Rent Receivable – Debit; Cash – Credit
c. Rent Revenue – Debit; Cash – Credit
d. Rent Expense– Debit; Cash – Credit
A
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Sales territories are a disadvantage for some firms in all of the following cases EXCEPT when:
A. salespeople are more motivated if they are not restricted by territorial boundaries. B. the company is too small to be concerned about segmenting the market into sales areas. C. management lacks the knowledge, time, and interest to develop and establish sales territories. D. personal friendships are the basis for attracting customers. E. sales performance is difficult to monitor and evaluate.
The units for the standard deviation are the same as the units for the original data (for example, feet, inches, etc.)
Indicate whether the statement is true or false
Which of the following variables is ordinarily NOT an output of waiting-line analysis?
a. The waiting cost per hour per passenger b. The hourly cost associated with each server c. The total cost per minute d. The number of servers
The placement of which of the following is not determined by production process organization decisions?
A. Workstations B. Departments C. Machines D. Work groups E. Emergency exits