The richest medium for communication is a(n)
A. online discussion.
B. face-to-face meeting.
C. telephone conversation.
D. e-mail report.
E. text message.
Answer: B
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Most ______ believe it is important to express their uniqueness and independence.
Fill in the blank(s) with the appropriate word(s).
Which of the following accounts probably would have a smaller balance in the Adjusted Trial Balance columns of a work sheet than in the Trial Balance columns?
A) Accumulated Depreciation-Equipment B) Wages Payable C) Wages Expense D) Prepaid Advertising
A company purchased a tract of land for its natural resources at a cost of $1,500,000. It expects to mine 2,000,000 tons of ore from this land. The salvage value of the land is expected to be $250,000. If 150,000 tons of ore are mined during the first year, the journal entry to record the depletion is:
A. Debit Depletion Expense $93,750; credit Accumulated Depletion $93,750. B. Debit Depletion Expense $93,750; credit Natural Resources $93,750. C. Debit Cash $112,500; credit Natural Resources $112,500. D. Debit Depletion Expense $112,500; credit Accumulated Depletion $112,500. E. Debit Cash $93,750; credit Accumulated Depletion $93,750.
An advantage of the fixed-period inventory system is that:
A) safety stock will be lower than it would be under a fixed-quantity inventory system. B) there is no physical count of inventory items when an item is withdrawn. C) no inventory records are required. D) orders usually are for smaller order quantities. E) the average inventory level is reduced.