The year-end adjusting entry to reflect an increase in the value of trading securities includes a
A) credit to Unrealized Gain on Short-Term Investments.
B) credit to Short-Term Investments.
C) credit to Allowance to Adjust Short-Term Investments to Market.
D) credit to Realized Gain on Investments.
A
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All of the following are external events (transactions) except for
a. a department store recognizing losses from shoplifting. b. a department store running ads in a local newspaper. c. a department store purchasing merchandise from a clothing manufacturer. d. a department store selling clothing to customers on credit.
Which of the following statements about telephonic interview is true?
A) It usually takes a long time to gather information through telephonic interviews. B) The interviewer is unable to clarify questions if respondents do not understand them. C) The response rate for telephonic interviews has been typically lower than for mailed questionnaires. D) The U.S. government generally encourages telemarketing by firms. E) Telephone interviewing in the U.S. is getting more difficult because of consumers' growing antipathy toward telemarketers.
After developing a plan and allocating the merchandise, the next step in the merchandise planning process involves
A. analyzing the performance and making adjustments. B. replenishing the inventory levels. C. penetration of new markets. D. discussing buybacks with the vendors. E. planning for the following season.
Use the following selected information from Whitman Corp. to determine the Year 1 and Year 2 common size percentages for operating expenses using Net sales as the base. Year 2Year 1Net sales$276,200 $231,400 Cost of goods sold 151,900 129,590 Operating expenses 55,240 53,240 Net earnings 27,820 19,820
A. 23.9% for Year 2 and 23.0% for Year 1. B. 20.0% for Year 2 and 23.0% for Year 1. C. 103.8% for Year 2 and 100.0% for Year 1. D. 36.4% for Year 2 and 41.1% for Year 1. E. 55.0% for Year 2 and 56.0% for Year 1.