Fitch Supply Services received $1,000 cash from a customer; the amount was owed to the business from the previous month. What is the effect of this transaction on the accounting equation?
A) Accounts Receivable increases and Service Revenue increases
B) Cash increases and Accounts Receivable decreases
C) Cash increases and Service Revenue increases
D) Cash increases and Accounts Payable decreases
B
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Why do many major corporations actively encourage ethical behavior?
a. Ethical behavior always leads to more profits. b. Unethical behavior can quickly destroy a business. c. Unethical acts are always illegal. d. Unethical behavior always leads to a reduction in profits.
Using the following data, what is the change in net working capital?
Account Change in Balance Cash + $12,000 Accounts Payable + $21,000 Accrued Liabilities + $ 6,000 Depreciation + $10,000 Inventories + $24,000 A) -$4,000 B) -$1,000 C) +$9,000 D) +$19.000
All of the following accounts are part of cash management EXCEPT
A) cash on hand. B) cash in a checking account. C) cash in a savings account. D) cash invested in a stock mutual fund. E) petty cash.
Security threats can be classified based on how a given attack
provides a threat to agiven objective. Indicate whether the statement is true or false