In an entity-relationship (E-R) diagram, one-to-many relationships between entities are drawn as ____
a. ovals
b. equal signs
c. lines
d. circles
c
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Which one of the following is not an accurate description of Allowance for Doubtful Accounts?
a. Contra account b. Balance sheet account c. Income statement account d. Current asset account
Cheryl Steffan is the operations manager for Nature's Bread Company, which specializes in providing natural products for health-conscious individuals. Cheryl is responsible for compiling, analyzing, and evaluating daily sales numbers to determine the company's profitability and forecast production for the next day. Which of the following is an example of the type of information Cheryl would be using to successfully perform her job?
A. Best-selling product changes when Tony the best baker is working. B. Flour Power is supplier number 8745643. C. Craig Newmark is customer number 15467. D. Best-selling product by day.
Which of the following is not true regarding firms use of net assets (assets minus liabilities)?
a. Firms may choose to use the net assets generated by earnings to repurchase common shares. b. Firms may choose to use the net assets generated by earnings to repurchase common shares which result in cash outflows for a firm, similar to paying a cash dividend. c. In the case of share repurchases, only those shareholders that choose to sell their shares to the firm receive cash. d. Some firms pay periodic dividends to the common shareholders out of net assets. e. Firms typically retain some or all of the net assets generated by earnings, causing net assets to decrease, along with retained earnings, which is the component of shareholders' equity showing the cause of that decrease in net assets.
Which of the following is true about a corporation being a general partner in a limited
partnership? A) A corporation can be a general partner in a limited partnership even if it is the only general partner. B) A corporation cannot be a general partner in a limited partnership. C) A corporation can be a general partner in a limited partnership only if it is not the sole general partner in the limited partnership. D) A corporation can be a general partner in a limited partnership only if there is at least one other general partner that is not a corporation.