Which of the following accounts will be closed by debiting the Income Summary account?
A) Retained Earnings
B) Service Revenue
C) Accounts Receivable
D) Salaries Expense
D
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Which of the following is a use of budgets for control?
A) plans can be made for the future. B) if conditions change between the formation of the budget and the current time, budgets can be quickly adapted. C) budgets set a standard against which results can be compared. D) communication is improved. E) all of these.
Answer the following statements true (T) or false (F)
1. French law mandates exclusive representation as a condition of collective bargaining. 2. A key feature of the labor-management relations in France is the stability of the social partnership arrangement between labor, management, and the government. 3. Collective bargaining and workplace representation have increased in France since the 1980's but they have declined in the U.S. 4. French labor law includes industry level agreements that can be extended to all companies in the industry regardless of the bargaining unit size. 5. Under French labor laws, collective bargaining takes place solely at the company level.
Airbnb, a room-sharing site, offers more rooms than Marriott. Goldman Sachs suggests that the supply of new rooms over the next two years will outpace the previous five even though the growth of American occupancy rates has begun to slow. Which competitive force is involved in this situation?
A. the threat of proprietary products B. the threat of new entrants C. the threat of favorable government policies D. the threat of new buyers
Which of the following is not a characteristic of home equity loans?
A) They may generate tax-deductible interest payments. B) Repayment may be stretched out over many years. C) The proceeds may be used to finance consumption of consumer goods. D) They carry higher interest rates than non-secured consumer loans.