A company had no office supplies available at the beginning of the year. During the year, the company purchased $300 worth of office supplies. On December 31, $90 worth of office supplies remained. How much should the company report as office supplies expense for the year?
A. $90.
B. $300.
C. $190.
D. $390.
E. $210.
Answer: E
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An investor is reading the financial statements of the Stankey Corporation and observes that the statements are accompanied by an auditor's unqualified report. From this, the investor may conclude that:
A. the auditor is satisfied that Stankey will be highly profitable in the future. B. the auditor is certain that Stankey's financial statements have been prepared accurately and that all account balances are precisely correct. C. any disputes over significant accounting issues have been settled to the auditor's satisfaction. D. the auditor has determined that Stankey's management is not qualified to lead the company.
When you ask a friend how she is, she responds by saying, “I’m fine,” but you can tell by her expression and her tone that she is not fine. This part of the listening process is called ______.
a. interpreting b. responding c. hearing d. understanding
To what length should the researcher go when writing the conclusions and recommendations section of the marketing research report?
What will be an ideal response?
The demand for a city bus is most likely to vary by all EXCEPT which of the following?
a. Time of day. b. Day of the week. c. Season of the year. d. Population in the city. e. All of the above will likely cause demand to vary on a city bus.