Which of the following is recorded in the general journal?

A) rendering services for cash
B) purchases of supplies on account
C) rendering services on account
D) closing entries


D

Business

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John Davis has a debt ratio of 0.25, which tells us that John

A) is insolvent since the ratio is less than 1.0. B) could have $10,000 in total assets and $7,500 in net worth. C) has 25% of his income allocated to reducing debt. D) might have $2,500 in liquid assets and $10,000 in current debts.

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Transportation cost depends on the prices offered by different carriers and the extent to which the shipper uses inexpensive and slow, or expensive and fast, means of transportation

Indicate whether the statement is true or false.

Business

Questionnaires include three basic types of questions: open-ended, closed-ended, and scaled-response.

Answer the following statement true (T) or false (F)

Business

The three basic motives underlying the desire of a person to be a leader are

A. affiliation, achievement, and power. B. success, acknowledgment, and prestige. C. power, recognition, and affiliation. D. achievement, power, and success.

Business