Which of the following is a potential business benefit from implementing an ERP system?
A) improved financial process controls
B) lower costs for inventory warehousing
C) re-engineered business processes
D) all of the above
D
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Vern Corp sold merchandise to a customer on credit. The invoice amount was $2,000; the invoice date was June 10; credit terms were 1/20, n/30 . Which one of the following statements is true?
a. The customer must pay a $20 penalty if payment is made after July 9. b. The customer should pay $2,000 if the invoice is paid on July 9. c. The customer must pay $2,020 if payment is made after June 20. d. The customer can take a $20 discount if the invoice is paid on June 30.
A minor can typically disaffirm a contract made for ________.
A. medical care B. stereo equipment C. life insurance D. bank accounts
Knollwood Corporation issued $286,000 of 30-year, 8 percent bonds at 106 on one of its semiannual interest dates. The straight-line method of amortization is to be used. The entry to record the bond interest expense on the next interest payment date is:
A) Bond Interest Expense 11,440 Cash 11,440 B) Bond Interest Expense 11,726 Cash 11,726 C) Bond Interest Expense 10,840 Cash 10,840 D) Bond Interest Expense 11,154 Unamortized Bond Premium 286Cash 11,440
What is the purpose of an RSS button on a blog?
A) To track views B) To offer a free download to subscribers C) To have the blog post delivered to readers D) To initialize a template for posting E) To offer links to other sites such as Pinterest or Facebook