A company that uses the perpetual inventory system sold goods to a customer on account for $2,300. The cost of the goods sold was $1,150. Which of the following journal entries correctly records this transaction?


Business

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A company provided $12,000 of consulting services and was immediately paid in cash by the customer. Identify the journal entry below that properly records this transaction.

A.

Accounts Receivable12,000 
Cash 12,000

B.
Accounts Payable12,000 
Consulting Services Revenue 12,000

C.
Consulting Services Revenue12,000 
Cash 12,000

D.
Cash12,000 
Consulting Services Revenue 12,000

E.
Accounts Receivable12,000 
Consulting Services Revenue 12,000

Business

Which is NOT TRUE about a pretrial conference?

A) It is a meeting between the attorneys and their clients to discuss issues and fees. B) It is held to encourage settlement of a dispute without a trial. C) It involves the judge and the attorneys representing the parties to a dispute. D) The purpose is to simplify the issues in dispute.

Business

A city zoning ordinance prohibits the construction of a building taller than two stories in any part of the city. Discuss the validity of the ordinance

Business

Analyzing collected historical data with multidimensional analytic tools and exploratory techniques is called ______________________________. ?

Fill in the blank(s) with the appropriate word(s).

Business