The sale of American computers to the Spanish government shows up as
A) a debit on the official reserves account.
B) a credit on the official reserves account.
C) a credit on the trade account.
D) a debit on the current account.
Answer: C
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The hedonic treadmill is the tendency of people to ______.
a. pursue the same sources of enjoyment repeatedly b. want more things as their income level increases c. return to a relatively stable level of happiness despite positive or negative events or life changes d. be appreciated for the work they do
Historically, the cost of quality has been
a. included in account balances for items such as Work in Process Inventory and marketing expenses. b. detailed in various "cost of quality" account balances on the Income Statement. c. immaterial because no accounts were developed to detail these amounts. d. generally spent in the prevention rather than the appraisal category.
The cash budget ignores all
a. dividend payments. b. sales of capital assets. c. noncash accounting accruals. d. sales of common stock.
A ______ provides the maximum, minimum, and midpoint of pay for a certain group of jobs.
A. rate range B. pay structure C. wage compression D. minimum wage