Which of the following errors will cause a trial balance to be out of balance?
a. The bookkeeper forgot to journalize a transaction.
b. The bookkeeper forgot to post a journal entry to the ledger.
c. A credit was posted to an account as a debit.
d. A debit to Office Equipment was incorrectly debited to Office Supplies.
C
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Identify and define each of the four general types of cost classifications used with activity-based costing (ABC)
Katina is formatting a scannable version of her resume for her job search. She should
a. italicize business, school, and college names. b. use bullets rather than headings to differentiate the sections of the resume. c. stay with a plain design with no special formatting. d. keep white space to a minimum to make scanning simpler and less time consuming.
Whereas Porter concentrates attention externally on markets, advocates of the RBV focus attention:
a. Externally on macro-external forces b. Externally on strategic groups c. Internally on organizational capabilities d. Internally on organizational structure
Owens Jewelers uses the perpetual inventory system. On April 2, Owens sold merchandise with a cost of $2,500 for $7,000 to a customer on account with terms of 2/15, n/30. Which of the following journal entries correctly records the sales revenue?
A) Sales Revenue 7,000 Accounts Receivable 7,000 B) Sales Revenue 7,000 Cost of Goods Sold 7,000 C) Accounts Receivable 2,500 Sales Revenue 2,500 D) Accounts Receivable 7,000 Sales Revenue 7,000