How are purchase returns and purchase discounts recorded by a company using the periodic inventory system?
A. as a reduction to the Purchases account
B. in contra-accounts to the Purchases account
C. as operating expenses
D. as miscellaneous expenses
Answer: B
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Which of the following is recorded under the asset side of a bank's balance sheet?
A. Transaction deposits B. Equity capital C. Borrowings D. Reserves
Which of the following could affect(s) the fixed asset turnover ratio?
a. Firms often invest in fixed assets several periods before these assets generate sales from products manufactured in their plants or sold in their stores. b. A low or decreasing rate of fixed asset turnover may indicate expanding firms preparing for future growth. c. Firms anticipating a decline in product sales could cut back expenditures on fixed assets and increase the fixed asset turnover ratio. d. All of the above. e. None of the above.
Revenues, profits, and income are examples of ______.
a. positive-flow payoffs b. negative-flow payoffs c. optimized-flow payoffs d. reduced-flow payoffs
A hiring agent offers a scientist approximately the same salary, facilities, equipment, and shared laboratory with 10 highly skilled and enthusiastic scientists. Part of the job is to collaborate with these peers and jointly develop promising drug compounds. This structure will create greater firm loyalty than one in which the hiring agent offers only monetary compensation.
Answer the following statement true (T) or false (F)