Which of the following statements about ocean marine insurance coverages is (are) true?
I. Hull insurance limits coverage to the breakdown of a ship's machinery and equipment.
II. Protection and indemnity insurance provides liability insurance to the ship owner for bodily injury and property damage to third parties.
A) I only
B) II only
C) both I and II
D) neither I nor II
Answer: B
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Flagg records adjusting entries at its December 31 year end. At December 31, employees had earned $12,000 of unpaid and unrecorded salaries. The next payday is January 3, at which time $30,000 will be paid. Prepare the January 1 journal entry to reverse the effect of the December 31 salary expense accrual.
A. Debit Salaries payable $12,000, credit Salaries expense $12,000. B. Debit Salaries expense $18,000; credit Salaries payable $18,000. C. Debit Salaries expense $12,000; credit Salaries payable $12,000. D. Debit Salaries expense $18,000; debit Salaries payable $12,000; credit Cash $30,000. E. Debit Salaries payable $18,000; credit Cash $18,000.
The balance in Carlos Company's supplies account on December 31 is $3,000 . If the supplies used during the year were $750, what is the entry to adjust the supplies account at the end of the year?
a. debit to Supplies Expense, $750; credit to Supplies, $750 b. debit to Supplies, $2,250; credit to Supplies Expense, $2,250 c. debit to Supplies Expense, $750; credit to Accounts Payable, $750 d. debit to Supplies, $250; credit to Supplies Expense, $250
Determining whether a message will be transmitted by e-mail or delivered in person is part of ________
A) selecting the appropriate audience for the message B) using the correct tone for the message C) adapting a message to the audience D) selecting an appropriate communication channel for the message
Goal programming models have several components.Which of the following is not one of these components?
a. A minimization objective function b. A maximization objective function c. A set of goal programming constraints d. An optional set of system constraints e. Non-negativity constraints