According to your text, which of the following is a major part of ease of doing business?
A. fairness
B. dependability
C. reliability
D. convenience
E. profitability
Answer: D
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Which of the following sales personnel activities is considered ethically acceptable behavior?
A. Attending college in the evening but taking an afternoon off to prepare for class. B. Taking the family to Disneyworld and writing it off on the expense account. C. Splitting commissions with fellow employees to win a sales contest. D. Attending a college course on company time. E. Giving a $10 dollar gift to a $10,000 customer.
Prepare general journal entries for the following transactions of Norman Company, assuming they use the allowance method to account for uncollectible accounts. Apr 01Sold $3,500 of merchandise to Lance Co., receiving an 8%, 90-day, $3,500 note. 15Wrote off $1,500 owed by Guy Co. from a previous period sale. 30Received a $5,000, 6%, 30-day note receivable from James Co. as settlement for its $5,000 account receivable.May 30The note received from James on April 30 was collected in full.Jun 30Lance Co. was unable to pay the note on the due date.Jul 15Guy Co. paid $1,000 of the amount written off on April 15.
What will be an ideal response?
Machinery is purchased on credit. What effect does this transaction have on the accounting equation?
A) Assets and liabilities increase B) Assets and stockholders' equity increase C) Liabilities increase and stockholders' equity decreases D) Assets and liabilities decrease
How can the workforce be aggregated?
What will be an ideal response?