The buying situation where an organization is a first-time buyer of the product or service is referred to as a
A. preliminary buy.
B. straight rebuy.
C. initial buy.
D. new buy.
E. modified rebuy.
Answer: D
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Which of the following is an example of a straight rebuy?
A) frequently purchased routine purchases such as printer toner B) upgrading the local intranet with new technologies C) purchasing the first local intranet for a small business D) routine purchases that have changed in some way such as air travel
In July, a company pays three years' insurance in advance. The December 31 adjusting entry is
A) Insurance Expense - Debit; Prepaid Insurance - Credit B) Prepaid Insurance - Debit; Insurance Expense - Credit C) Insurance Expense - Debit; Cash - Credit D) Prepaid Insurance - Debit; Cash - Credit
Almondine Company sold a computer for $50,000 . The computer's original cost was $250,000, and the accumulated depreciation at the date of sale was $180,000 . The sale of the computer should appear on Almondine's annual statement of cash flows (indirect method) as
a. a reduction in cash flows from operating activities of $20,000 and an increase in cash flows from investing activities of $50,000. b. an increase in cash flows from operating activities of $20,000 and an increase in cash flows from investing activities of $50,000. c. a reduction in cash flows from operating activities of $20,000 and an increase in cash flows from investing activities of $70,000. d. an increase in cash flows from operating activities of $20,000 and an increase in cash flows from investing activities of $70,000.
Since service desks perform different functions and support different industries, there are not common categories for data captured.
Answer the following statement true (T) or false (F)