A small corporation selling goods would prefer to use the cash method to simplify its accounting records. It will be able to continue using the cash method as long as average gross receipts for its three prior years do not exceed
A. $25 million.
B. $1 million.
C. $10 million.
D. $3 million.
Answer: A
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A manufacturer's or supplier's use of an independent third party to manage an entire function of the logistics system, such as transportation, warehousing, or order processing, is called:
a. outsourcing. b. mediation. c. intermediary distribution. d. benchmarking.
Which of the following statements is true of democracy?
A. The government is controlled by the citizens either directly or through elections. B. Once elected, a representative cannot be reelected. C. Once elected, a representative can no longer be held accountable for his or her actions. D. Impartial public service restricts freedom of expression and assembly.
Under the STR/OP sequencing priority rule, orders with the jobs with the longest STR/OP are run first.
Answer the following statement true (T) or false (F)
Revenues, expenses and dividends are all a part of:
A) Assets. B) Retained Earnings. C) Liabilities. D) Common Stock.