Cornelius Company purchased supplies on account. What account is credited?
What will be an ideal response?
Accounts Payable
Accounts Payable, a liability account, is increased with a credit.
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Select cost information for Klondike Corporation is as follows: 1,000 units of output 2,000 units of output TotalCost/Unit TotalCost/UnitDirect materials$4,000$4.00 $8,000$4.00Rent expense$2,000$2.00 $2,000$1.00Based on this information:
A. Both direct materials and rent expense are fixed costs. B. Both direct materials and rent expense are variable costs. C. Both direct materials and rent expense are mixed costs. D. Direct materials is a fixed cost and rent expense is a variable cost. E. Direct materials is a variable cost and rent expense is a fixed cost.
Which of the following statements is true of persuasion strategies??
A) They cannot be used in spoken communication situations. B) ?They involve the incorporation of complex technical terminologies and analysis. C) ?They involve anticipating arguments that might come from the audience. D) ?They cannot be used to differentiate a product from viable alternatives.
Which of the following is important for external process integration to be successful?
a. Successful internal process integration b. Compatible information systems c. Both A & B d. None of these
A ________ is a network of activities, repositories, roles, resources, and flows that interact to accomplish a business function.
A. business stature B. business policy C. business diagram D. business process E. business analysis