Please identify the letter of the choice that best matches the term below.
A. Review ideas and eliminate some
B. Use three-pile method to have group vote on each idea
C. List the consequences of each idea
D. Create a decision balance sheet
E. List the pros and cons of each idea
A. Cull ideas
B. Cull ideas
C. Analyze ideas
D. Analyze ideas
E. Analyze ideas
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The Retained earnings account has a credit balance of $47,000 before closing entries are made. Total revenues for the period are $65,200, total expenses are $44,800, and dividends are $13,000. What is the correct closing entry for the revenue accounts?
A. Debit Revenue accounts $47,000; credit Retained earnings $47,000. B. Debit Income Summary $65,200; credit Revenue accounts $65,200. C. Debit Income Summary $47,000; credit Retained earnings $47,000. D. Debit Revenue accounts $65,200; credit Income Summary $65,200. E. Debit Revenue accounts $65,200; credit Retained earnings $47,000.
Purpose is a list of plans, goals, or objectives that differ from one sales call to another.
Answer the following statement true (T) or false (F)
At the beginning of the year, a firm leased equipment on a capital lease, capitalizing $60,000 in its lease receivable account. The contract calls for December 31 payments of $15,000 . The lessor's annual reporting period ends December 31 and the contract reflects 10% interest. The lessee made the first payment as required. The direct method statement of cash flows for the lessor should reflect
which of the following in the first year of the lease contract (ignore noncash disclosures)? a. $15,000 operating cash flow b. $6,000 operating cash flow; $9,000 investing cash flow c. $6,000 operating cash flow; $9,000 addition reconciling adjustment d. $9,000 investing cash flow
Why is the ability to track purchases by song mix so important for Ferrante's clients?
A) Ferrante sells cheaper custom mixes than standard soundtracks available from other vendors. B) It allows the clients to shape the store brand with music. C) It gives them information on their competitor's products and services. D) It allows them to increase sales by playing the songs that stimulate purchases. E) It requires them to play certain songs no more than a few times in a shift.