With a 2013 GNI per capita of $1,570, India has transitioned out of the low-income category and is now classified as an upper-middle-income country, also known as an industrializing or developing country

Indicate whether the statement is true or false


FALSE

Business

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Office Supplies, Inc. uses a perpetual inventory system. Journalize the following sales transactions for this company. Explanations are not required.

July 3: Sold $15,400 of merchandise on account, credit terms are n/30. Cost of goods is $9,300. July 7: Received a $750 sales return from the customer. Cost of the goods is $435. July 20: Received payment from the customer.

Business

The evaluation of company performance and financial condition includes evaluation of (1) past and current performance, (2) current financial position, and (3) future performance and risk.

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

Business

The obligations of a business that are accumulated during the normal course of a business are

A) accrued liabilities. B) actual liabilities. C) short-term debt. D) long-term debt.

Business

Which of the following offers an advantage of using a data-driven website?

A. Easy to store large amounts of data. B. Easy to eliminate human errors. C. Easy to manage content. D. All of these.

Business