Maximum cardinality can be:
A) One or many
B) Zero or many
C) Optional or mandatory
D) Optional or many
A
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After posting the entries to close all revenue and expense accounts, Marker Company's Income Summary account has a credit balance of $7,000, and its Dividends account has a debit balance of $3,000. These balances indicate that net income for the current accounting period amounted to $4,000.
Answer the following statement true (T) or false (F)
Which term below is an essential skill for employees in the workplace because it allows the receiver to hear and understand the message and reassures the speaker that the message has been heard in the same terms in which it is delivered?
A. paraphrasing B. active listening C. communication D. processing
Ethical issues may arise when management dips into LIFO layers
a. when some LIFO liquidations are unavoidable due to shortages of raw materials. b. due to improved inventory control systems that reduce the amount of inventory needed. c. in order to manage earnings in a particular year rather than replenish inventories. d. all of the above. e. none of the above.
Mossfeet Shoe Corporation is a single product firm. The company is predicting that a price increase next year will not cause unit sales to decrease. What effect would this price increase have on the following items for next year? ContributionMargin RatioBreak-evenPointA)IncreaseDecreaseB)DecreaseDecreaseC)IncreaseNo effectD)DecreaseNo effect
A. Choice A B. Choice B C. Choice C D. Choice D