One business transaction has a single-entry effect upon the accounting elements; two business transactions together have a dual-entry effect on accounting elements
Indicate whether the statement is true or false
F
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On behalf of your civic organization, you are inviting a motivational speaker to your semiannual meeting. In your request you guarantee the speaker an enthusiastic audience and a positive impact on the community, both of which emphasize A) praise for the reader
B) indirect benefits to the reader. C) the indirect strategy. D) the direct strategy.
Which of the following is an advantage of manufacturer storage with direct shipping?
A) Transportation costs are low because the average outbound distance to the end consumer is small and package carriers are used to shipping the product. B) Supply chains save on the fixed cost of facilities, because the need for other warehousing space in the supply chain has been eliminated. C) Response times tend to be small because the order has to be transmitted from the retailer to the manufacturer. D) Order tracking is easy to implement because of the complete integration of information systems at both the retailer and the manufacturer.
Which of the following statements regarding the supply chain is TRUE?
A) A second-tier supplier is downstream from a first-tier supplier. B) A first-tier supplier is upstream from a second-tier supplier. C) A first-tier supplier is downstream from a second-tier supplier. D) A customer is upstream from a first-tier supplier.
Identify the statement below that is incorrect.
A. The normal balance of unearned revenues is a credit. B. The normal balance of dividends is a debit. C. The normal balance of accounts receivable is a debit. D. The normal balance of the common stock account is a credit. E. The normal balance of an expense account is a credit.