Which of the following is one of the four components of ethical leadership?
A. moral sensibility
B. moral judgment
C. moral turpitude
D. moral morality
B. moral judgment
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Morris Company uses special journals to record transactions. Below are the sales journal and cash receipts journal for Morris. Prepare the following:a. Open an accounts receivable subsidiary ledger having a T-account for each customer. Post the invoices to the subsidiary ledger.b. Open an Accounts Receivable controlling T-Account. Post the end-of the month totals that affect the Accounts Receivable account only.c. Prepare a schedule of accounts receivable and prove that its total equals the Accounts Receivable controlling account balance.Sales JournalDateAccount DebitedInvoice NumberPRAccounts Receivable Dr. Sales Cr.Cost of Goods Sold Dr. Inventory Cr.12/1Wazoo Co.1200?6,9003,50012/1Fargo Co.1201?3,4001,80012/3Jansen Co.1202?7,2004,00012/6Marsh
Co.1203?3,0001,500?Totals??20,50010,800Cash Receipts JournalDateAccount CreditedExplanationPRCash Dr.Sales Discount Dr.Accounts Receivable Cr.Sales Cr.Other Accounts Cr.Cost of Goods Sold Dr. Inventory Cr.12/2SalesCash sales?12,000??12,000?6,50012/3Notes PayableBank loan?15,000???15,000?12/5Wazoo Co.Invoice 12/1?6,7621386,900???12/6Fargo Co.Invoice 12/1?3,332683,400????Totals??37,09420610,30012,00015,0006,500 What will be an ideal response?
Which of the following is not increased by the budgeting process?
A) Communication throughout the organization. B) Identification of potential bottlenecks or constraints. C) Goal congruence between the personal goals of managers and the goals of the organization. D) Management's focus on past performance of the organization.
What is database administration?
What will be an ideal response?
Seller receives a letter of credit from a foreign buyer covering "1,000 standard-sized bed pillows." Seller's export manager completes an invoice for "1,000 bed pillows, size 20 by 26 inches" (this is the internationally accepted standard size for pillows). Which of the following is false?
A) If the issuing bank accepts or pays against documents, it will be liable to the account party. B) The issuing bank must accept or pay against documents because 20 by 26 is standard and the goods conform to the contract. C) The issuing bank may refuse to accept or to pay the draft upon presentation of the invoice. D) If the buyer waives the defect in the invoice, the bank must accept or pay the draft.