The combined storage of both data and the procedures that manipulate the data within an object is referred to as _____.

A. compression
B. packaging
C. encapsulation
D. zipping


Answer: C

Business

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What is a company's internal data? Give two examples of internal data

What will be an ideal response?

Business

Lang Industries received payments from customers who had been billed earlier for services provided. What effect does this transaction have on Lang's accounting equation?

A) Assets and liabilities increase. B) Assets and stockholders' equity increase. C) Assets and liabilities decrease. D) There is no net effect on the accounting equation, as one asset account increases while another asset account decreases.

Business

Automatic perfection would occur in which situation (assuming a written security agreement)?

A) Mandi buys a refrigerator for her apartment on credit. B) Glenn buys a computer for his office on credit. C) Hank buys a computer for his office by borrowing the money for the purchase. D) Cicely buys inventory for her home-based sewing business.

Business

Robichau Inc. reported the following results from last year's operations:   Sales$6,300,000Variable expenses 4,930,000Contribution margin 1,370,000Fixed expenses 803,000Net operating income$567,000Average operating assets$3,000,000?At the beginning of this year, the company has a $900,000 investment opportunity with the following characteristics: Sales$1,530,000 Contribution margin ratio  30% of salesFixed expenses$306,000 ?The company's minimum required rate of return is 20%.?The residual income for this year's investment opportunity when considered alone is closest to:

A. $153,000 B. $179,100 C. $0 D. ($27,000)

Business