Data gathering through the use of ______ is when data are generally readily available because they are produced during the ordinary course of organizational activity.
a. interviews
b. surveys/questionnaires
c. observations
d. unobtrusive measures
d. unobtrusive measures
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In recording the cost of merchandise sold for cash, based on data available from perpetual inventory records, the journal entry is:
A) debit Cost of Merchandise Sold; credit Sales B) debit Cost of Merchandise Sold; credit Merchandise Inventory C) debit Merchandise Inventory; credit Cost of Merchandise Sold D) debit Accounts Receivable; credit Sales
A $10,000, 12%, 60-day note was received 6 days ago. The note is discounted today with the bank charging a 10% discount. What will be the amount of the bank discount?
a. $10,000 b. $153 c. $10,200 d. $47 e. None of the above
An argument in support of corporate liability is the fact that corporate personnel are expendable
Indicate whether the statement is true or false
ABC operates a factory in the United Kingdom. Because the company’s existing factory doesn’t have the capacity to meet the future demands, it is considering various options. Consider the payoff matrix that shows the payoff for each combination of decision and state of nature. Determine the best alternative using the maximax criterion.
a. Expand current facility.
b. Build small factory.
c. Build large factory.
d. Determine a new alternative.