By the use of laws and the legal system, the government can:
a. change acceptable behavior
b. instruct people on what is allowed in certain circumstances c. encourage certain types of business activity
d. impose sanctions to try to eliminate certain business activities e. all of the other choices are included
e
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An adjusting entry can include a debit to a(n)
a. asset and a credit to a liability. b. liability and a credit to a revenue. c. revenue and a credit to an asset. d. expense and a credit to a revenue.
Childers Company, which uses a perpetual inventory system, has an established petty cash fund in the amount of $400. The fund was last reimbursed on November 30. At the end of December, the fund contained the following petty cash receipts: December 4Freight charge for merchandise purchased$62December 7Delivery charge for shipping to customer$46December 12Purchase of office supplies$30December 18Donation to charitable organization$51If, in addition to these receipts, the petty cash fund contains $201 of cash, the journal entry to reimburse the fund on December 31 will include:
A. A debit to Transportation-In of $62. B. A debit to Petty Cash of $189. C. A credit to Office Supplies of $30. D. A credit to Cash of $199. E. A credit to Cash Over and Short of $10.
A business thinking of expanding into global markets needs to examine all of the following external environments EXCEPT:
A. culture B. political structure and actions C. its marketing mix D. natural resources E. demographic makeup
The comparative income statement of Lawn Products, Inc showed sales of $325,00 . in 200 . and $494,450 in 200 . . Compute the percentage of net change in sales. (Round answer to one decimal place.)