The copy machine in an office is very unreliable. If it was working yesterday, there is an 80% chance it will work today. If it was not working yesterday, there is a 10% chance it will work today
If it is working today, what is the probability that it will be working 2 days from now?
A) 0.16
B) 0.64
C) 0.66
D) 0.80
E) None of the above
C
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Ted Catering received $1040 cash in advance from a customer for catering services to be provided in three months. Determine the general journal entry that Ted Catering will make to record the cash receipt. Assume the company's policy is to initially record prepaid and unearned items in balance sheet accounts.
A.
| Accounts Receivable | 1040? | |
| Catering Revenue | 1040? |
B.
| Cash | 1040? | |
| Unearned Catering Revenue | 1040? |
C.
| Cash | 1040? | |
| Catering Revenue | 1040? |
D.
| Unearned Catering Revenue | 1040? | |
| Catering Revenue | 1040? |
E.
| Cash | 1040? | |
| Accounts Receivable | 1040? |
Which step is least likely to occur when choosing a commercial software package?
a. a detailed review of the source code b. contact with user groups c. preparation of a request for proposal d. comparison of the results of a benchmark problem
An interview committee must decide which interviewee to hire as the company's new project manager. Committee members have decided to vote and then hire the candidate receiving the most votes. What method for reaching group decisions is this team using?
A) Majority B) Consensus C) Authority rule with discussion D) Averaging
A team should only include members from the same department.
Answer the following statement true (T) or false (F)