Jake is the only one of the employees who ____ authorized to make expenditures from that account
A) were
B) are
C) is
C
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In the Level 0 DFD for an AP/CD process, a data flow called "vendor invoice" most likely would be sent by the vendor to which of the following processes?
a. establish payable b. make payment c. order inventory d. none of the above
Lester Company purchases a piece of equipment on Jan. 2, 2010, for $30,000 . The equipment has an estimated life of eight years or 50,000 units of production and an estimated residual value of $3,000 . Lester uses a calendar fiscal year. The entry to record the amount of depreciation for 2010, using the straight-line method, is:
a. Depreciation Expense– Equipment 3,750 Cash 3,750 b. Depreciation Expense — Equipment 3,375 Accumulated Depreciation– Equipment 3,375 c. Depreciation Expense — Equipment 2,500 Accumulated Depreciation– Equipment 2,500 d. Accumulated Depreciation - Equipment 2,250 Cash 2,250
Which is true?
A. Tools and technologies will benefit a service desk even if there are no well-designed processes. B. The tools and technologies a service desk uses depend on the number and complexity of the processes being supported. C. One of the benefits of tools and technologies on a service desk is to reduce the number of service desk staff. D. Tools should be selected prior to defining a service desk's processes and procedures.
Silvermark Enterprises The following information is from Silvermark's 2012 accounting records. Gross purchases $201,000 Transportation-in 8,000 Inventory, January 1, 2012 26,500 Inventory, December 31, 2012 28,100 Purchase returns and allowances 9,000 Refer to the information provided for Silvermark Enterprises. How much will Silvermark report as net purchases for 2012?
A) $200,000 B) $209,000 C) $218,000 D) $201,600