There are three major types of business activities. ________activities are the means organizations use to pay for resources such as land, building, and equipment to carry out plans.

Fill in the blank(s) with the appropriate word(s).


Financing

Business

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The accounts receivable clerk is responsible for updating the AR Control accounts to reflect each customer sale

Indicate whether the statement is true or false

Business

Preston Sales, Inc. has gross salaries and wages for March of $45,000. Provide the journal entry to record salaries and wages expense and payroll withholdings. (Assume a FICA-OASDI Tax of 6.2% and FICA-Medicare Tax of 1.45%.) Salaries and wages to date are under the OASDI limit. Assume no federal or state income taxes are due. Salaries and wages will be paid at a later date. Omit explanation.

What will be an ideal response?

Business

The ________ included the GATT MTNs held from 1973 to 1979 that produced six nontariff codes

A. Dillon Round B. Tokyo Round C. Kennedy Round D. Uruguay Round

Business

Which of the following qualities of packaging would NOT likely turn a casual customer into a loyal buyer?

A. making the product easier or safer to use B. making a product convenient to store C. promoting the brand at the point of purchase D. making products easier to identify E. preventing spoiling or damage

Business