Explaining the circumstances surrounding the presentation is often effective in
A) identifying your main supporting points.
B) arousing the interest of the audience.
C) summarizing the main idea of your presentation.
D) revealing the order in which you'll develop your main points.
E) identifying yourself as an expert on the topic.
Answer: B
Explanation: B) One of the six ways to arouse audience interest is to open with an amusing observation about yourself, the subject matter of the presentation, or the circumstances surrounding the presentation–but make sure any humorous remarks are relevant, appropriate, and not offensive to anyone in the audience.
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Which of the following is not an indicator that a company may be an agent?
A) The company provides goods or services to customers. B) The company does not have inventory risk. C) The company's consideration is in the form of a commission. D) The company does not have discretion in establishing prices for goods and services.
Fashion Jewelers uses the perpetual inventory system. On April 2, Fashion sold goods with a cost of $5,000 for $10,000 with terms of 4/15, n/30. On April 4, the customer reported damaged goods and Fashion granted a $2,000 sales allowance
On April 10, Fashion received the payment for the sale. Give the journal entry that will be recorded on April 10 by Fashion. A) Cash 7,680 Sales Discount 320 Accounts Receivable 8,000 B) Cash 8,000 Accounts Receivable 8,000 C) Accounts Receivable 8,000 Sales 8,000 D) Cash 8,000 Sales Discount 320 Accounts Receivable 7,680
Nobells Corp. has acquired land and paid $500 as brokerage to acquire the land. However, the company's accountant has recorded the $500 as a revenue expenditure. What is the effect of this error?
A) Net income is understated by $500. B) Liabilities are overstated by $500. C) Revenue is overstated by $500. D) Assets are overstated by $500.
When a manufacturer changes from using a single plantwide predetermined overhead rate to multiple predetermined overhead allocation rates, the product unit cost may be more accurate
Indicate whether the statement is true or false