The advantage of forward contracts over futures contracts is that forward contracts
A) are standardized.
B) have lower default risk.
C) are more liquid.
D) are none of the above.
D
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Which of the following statements best describes noise?
A. It refers to the physiological or psychological factors that interfere with the accurate reception of information. B. It refers to the dialogues used in customer interactions to enhance relationships, show civility, and build rapport. C. It is the idea or concept that you or your customer wishes to convey. D. It is a term that describes the method through which people communicate messages.
Exchange rates will affect the price of _____
A) sugar cane grown in the United States. B) coffee grown in Brazil. C) coffee grown in Brazil and imported to the United States. D) wine produced in California and consumed in Florida. E) coffee grown in Brazil and consumed in Brazil.
Use this information pertaining to Tucson Company to answer the following question. 1. The corporation's Supplies account showed a beginning debit balance of $400 and supplies purchased of $1,600. There were $600 of supplies on hand at year end. 2.Depreciation on a building is estimated to be $10,000. 3.A one-year insurance policy was purchased for $4,000. Six months have passed since the
purchase. 4.Accrued interest on a note receivable amounted to $200. 5.The company received a $3,600 advance payment during the year on services to be performed. By the end of the year, one-third of the services had been performed. The adjusting entry to record the amount of service revenue earned during the accounting period is A) Service Revenue 2,400Unearned Revenue 2,400 B) Unearned Revenue 1,200Service Revenue 1,200 C) Service Revenue 1,200Unearned Revenue 1,200 D) Unearned Revenue 2,400Service Revenue 2,400
Which of the following is NOT true about accounts receivable?
a. As long as a credit remains outstanding and has not been collected, it cannot be counted as part of the firm’s cash flow. b. The firm does not have the use of those funds to purchase goods and services it needs to remain in business. c. A firm that provides credit must maintain accounts receivable. d. Accounts receivables are not used in small companies. e. It is the amount of money owed to a business from customers who purchased its goods or services.