Oswald purchased land for $48,000 and paid an additional $2,000 to install parking space. The entry to record the payment for the parking space is:
A) Land 50,000 Cash 50,000
B) Land Improvements 50,000 Cash 50,000
C) Land Improvements 2,000 Cash 2,000
D) Land Improvements 46,000 Cash 46,000
C
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What is an individual-level performance-based pay that rewards performance by increasing the employee’s salary on a long-term basis called?
A. merit pay B. piece rate C. bonus D. benefit
Glocal strategies are followed by organizations that seek to go global by:
a. Entering into some form of local relationship with organizations in another country b. Copying what organizations in other countries do c. Allowing themselves to be taken over by companies from other countries d. All of the above
Assume that you are a regular customer of a restaurant.Which of the following best describes the information management component of business analytics usedby the restaurantto make you a more valuable customer?
a. Storing information about you and loading it into data warehouses b. Investigating correlations, sampling customer data, and summarizing data c. Determining the menu item that you will most likely order onyour next visit d. Offering coupons or discounts to maximize sales or profits
Fashion Jewelers uses the perpetual inventory system. On April 2, Fashion sold goods with a cost of $5,000 for $10,000 with terms of 4/15, n/30. On April 4, the customer reported damaged goods and Fashion granted a $2,000 sales allowance
On April 10, Fashion received the payment for the sale. Give the journal entry that will be recorded on April 10 by Fashion. A) Cash 7,680 Sales Discount 320 Accounts Receivable 8,000 B) Cash 8,000 Accounts Receivable 8,000 C) Accounts Receivable 8,000 Sales 8,000 D) Cash 8,000 Sales Discount 320 Accounts Receivable 7,680