If a debtor’s income falls below the median income in the area in which the debtor lives, there is a presumption of bankruptcy abuse.
Answer the following statement true (T) or false (F)
False
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Which of the following statements regarding a lock-box system is incorrect?
A) Customers send their checks directly to a post office box that belongs to the company. B) Internal control is tight because company personnel never touch incoming cash. C) A bank employee empties the box daily and records the deposits into the company's bank account. D) Cash is put into the company's bank account quickly.
Proactive service desks ____.
A. experience high costs due to inefficiencies and lack the ability to forecast costs B. allow numerous people to own incidents based on the incident's priority C. have owners manage by exception and only follow up on incidents not being handled in a timely manner D. perform little trend analysis as they have a significant amount of incidents and service requests to handle
Which of the following is not one of the common general forms of franchises?
A) Manufacturing B) Area C) Chain-style D) Processing plant E) Distributorship
For Caterpillar, a tractor and farm equipment manufacturer, spark plugs to be installed in its equipment would be classified on the balance sheet as
A. prepaid expenses. B. supplies. C. equipment. D. depreciation. E. inventory.