Trade selling and missionary (detail) sales are both examples of sales:
A) directly from the manufacturer to the consumer
B) from the distributor to the consumer
C) bypassing the manufacturer to the distributor
D) inside the supply chain but not to the consumer
E) externally from the consumer to the supplier
D
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Lightning Delivery, Inc purchased a truck on January 1, 2013, for $30,000 . The truck had an estimated life of 5 years and an estimated residual value of $5,000 . Lightning Delivery used the straight-line method to depreciate the asset. On July 1, 2015, the truck was sold for $17,000 cash. The journal entry to record the sale of the truck in 2015
a. decreases stockholder's equity b. increases total assets c. decreases total expenses d. increases net income
Give an example of a speech topic that would be appropriate for the problem-cause-solution organizational pattern and explain why.
What will be an ideal response?
Which of the following expenses incurred by the sporting goods department of a department store is a direct expense?
A) Depreciation expense--office equipment B) Insurance on inventory of sporting goods C) Uncollectible accounts expense D) Office salaries
Which of the following statements about unsatisfied judgment funds is (are) true?
I. An accident victim must obtain a judgment against the motorist who caused an accident and must show the judgment cannot be collected. II. The major disadvantage is that the negligent uninsured motorist is relieved of legal liability. A) I only B) II only C) both I and II D) neither I nor II