The entry to record reimbursement of the petty cash fund for postage expense should include:
A. A debit to Petty Cash.
B. A debit to Cash Short and Over.
C. A debit to Postage Expense.
D. A debit to Cash.
E. A debit to Supplies.
Answer: C
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Which of the following examples best represents product form competition in drip coffee machine category?
A) other brands of coffee drip machines B) percolators and espresso machines C) juicers and water purifiers D) pots and pans
Pay-for-performance budgeting means clients, for example, pay only for what is delivered in terms of depth of media coverage and the audience rating or circulation of the media
Indicate whether the statement is true or false
Your company is able to arrange financing at either a rate of 12.75% annually, or at a rate of 12%
compounded monthly. Assuming financing is needed for one year, which rate is the best? A) 12.75% annually, because the annual percentage yield for 12% compounded monthly is greater than 12.75%. B) 12.75% annually, because even though the annual percentage yield is higher, interest if paid only once per year at year end. C) 12% compounded monthly, because the annual percentage yield is 12.68%. D) Both rates are effectively the same, so your company should be indifferent between the two.
Build-Rite Construction Corporation and Deals-R-Us, Inc., combine their efforts to build an entertainment complex. Their form of business organization is
A. a business trust. B. a joint stock company. C. a joint venture. D. a syndicate.