What does an entity-relationship diagram represent? Why do accountants need to understand them?
Entity relationship diagrams represent the relationship between entities in a system. An entity is either 1) a resource (such as cash or inventory), 2) an event (such as a sale or a receipt of cash), or 3) an agent (such as a customer or vendor). ERDs represent the relationship between entities graphically. ERDs are used in the design of databases.
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Hutter Corporation declared a $0.50 per share cash dividend on its common shares. The company has 43,000 shares authorized, 22,800 shares issued, and 17,200 shares of common stock outstanding. The journal entry to record the dividend declaration is:
A. Debit Retained Earnings $11,400; credit Common Dividends Payable $11,400. B. Debit Retained Earnings $8600; credit Common Dividends Payable $8600. C. Debit Common Dividends Payable $8600; credit Cash $8600. D. Debit Common Dividends Payable $11,400; credit Cash $11,400. E. Debit Retained Earnings $21,500; credit Common Dividends Payable $21,500.
At which of the following life cycle stages of a product is it copyrighted and patented?
A) introduction B) growth C) decline D) maturity
How can unclear objectives be made clearer? Illustrate with an example
What will be an ideal response?
Zeke files a petition in bankruptcy for relief through an individual's repayment plan. Zeke's plan must provide for
A. the turnover of his future income to the trustee. B. his attendance at a credit-counseling briefing. C. adequate means for the petition's execution. D. a preference for one creditor over another.