What is a surrogate key?
What will be an ideal response?
A simple, non-composite, system-generated primary key of a dimension.
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The commodity terms of trade measures
a. the rate at which exports exchange for imports. b. the influence trade has on productivity levels. c. the effect on income of the trading nation. d. the improvement in a nation's welfare.
The general ledger account for Accounts Receivable shows a debit balance of $50,000. Allowance for Uncollectible Accounts has a credit balance of $3,000. Net sales for the year were $500,000. In the past, 3 percent of sales have proved uncollectible, and an aging of accounts receivable resulted in an estimate of $20,000 of uncollectible accounts receivable. Using the percentage of net sales
method, the entry to record the Uncollectible Accounts Expense would be: A) Uncollectible Accounts Expense 12,000 Allowance for Uncollectible Accounts 12,000 B) Uncollectible Accounts Expense 15,000 Allowance for Uncollectible Accounts 15,000 C) Allowance for Uncollectible Accounts 18,000 Uncollectible Accounts Expense 18,000 D) Allowance for Uncollectible Accounts 20,000 Uncollectible Accounts Expense 20,000
Consumer markets are, by definition, very large
Indicate whether the statement is true or false
The primary accounting document in a job-order costing system is a(n)
a. bill of materials. b. job-order cost sheet. c. employee time sheet. d. materials requisition.