____ include statistical summaries of each column that include control totals, mean, maximum, minimum, standard deviation, number of zero values, number of empty records, etc
a. Captions
b. Histograms
c. Headings
d. Descriptives
d
FEEDBACK: a. Incorrect.
b. Incorrect.
c. Incorrect.
d. Correct.
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Which of the following items is not needed to prepare a sales budget by product line?
A. Expected unit sales of each product. B. Expected purchase price of each product. C. Expected selling price of each product. D. All of the answers are correct.
Dividends in Arrears
a. is a liability account. b. appear in the notes to the financial statements. c. is a stockholders' equity account. d. is a contra-stockholders' equity account.
Which of the following is an example of a cash equivalent?
a. a current investment in a corporate bond; b. an individual retirement account (IRA); c. a short-term government note; d. inventory; e. none of these.
Answer the following statements true (T) or false (F)
1. A patent is an exclusive right to reproduce and sell a book, musical composition, film, other work of art, or intellectual property. 2. Goodwill is the excess cost of an acquired company over the market value of its net assets. 3. A trademark represents the exclusive right to reproduce and sell a book, musical composition, film, other work of art, or intellectual property. 4. Franchises are privileges granted by a business to sell goods and services under specified conditions. 5. All intangible assets must be amortized each year.