The institution with the greatest assortment of any general merchandise retailer is the _____
a. department store
b. supermarket
c. full-line discount store
d. superstore
a
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Which of the following is an appropriate internal control activity for cash?
a. The amount of cash on hand should be kept to a maximum. b. All payments should be made with currency, not checks. c. Banking facilities should be used as little as possible. d. Recordkeeping and custodianship over cash should be performed by separate individuals.
It is going to cost $80,000 a day simply to house and feed a construction crew in the farthest reaches of northern Alaska. This would be an example of a situation requiring reducing the project duration due to
A. Incentive contracts. B. Imposed project deadlines. C. Unforeseen project delays. D. High overhead. E. Time to market.
Kendrick Company began the current year with the following: Accounts receivable $ 10,000 Allowance for doubtful accounts (800) Net account receivable 9,200 During the current year, the following events occurred: Accounts written off $ 1,200 Sales on account 30,000 Bad debt expense recognized 2,000 At the end of the current year, the company showed a balance in gross accounts receivable (before
the allowance for doubtful accounts) of $16,800. What amount would be shown as an operating cash inflow in the statement of cash flows under the indirect method? a. $21,000 b. $22,000 c. $30,000 d. $28,200
The existence of the rule of law in a foreign market suggests that
A. foreign investors can assume that their interests will be protected. B. personal relationships will be less effective than in a country governed outside the rule of law system. C. lawyers will be necessary in any substantive business transaction. D. legal rulings will be the basis of any dispute resolution.