Which of the following is a cash management arrangement with a bank whereby the organization's customers send payments directly to the client's bank, which deposits the remittance to the client's account?
a. Lockbox.
b. Bank transfer.
c. Imprest bank account.
d. Imprest Account.
a
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Which of the following is true regarding asset abandonment?
a. Firms will sometimes abandon assets if there is no market for the asset. b. The firm eliminates the carrying value of the asset and recognizes a loss in an amount equal to the carrying value. c. Firms will sometimes abandon assets if an automobile is severely damaged in an accident. d. Firms will sometimes abandon assets if a machine requires an overhaul that is not cost effective. e. all of the above
Effective motivation of a sales force is best achieved through
A. annual retreats at resort locations open to families. B. emphasizing sales force objectives and their connection to compensation. C. an organized set of activities performed continuously. D. motivation meetings when sales have declined. E. daily pep talks before the sales force makes sales calls.
Which of the following statements is incorrect?
A. On the work sheet, the effects of the accounting adjustments are shown on the account balances. B. On the work sheet, the adjusted amounts are sorted into columns according to whether the accounts are used in preparing the unadjusted trial balance or the adjusted trial balance. C. Working papers are useful aids in the accounting process. D. A worksheet is not a substitute for financial statements. E. After the work sheet is completed, it can be used to help prepare the financial statements.
A. Bourjois & Co v. Katzel involved the question of whether Katzel: A) was liable to Bourjois for breach of contract
B) was liable to the French subsidiary of Bourjois for trademark infringement and counterfeiting. C) was entitled to punitive damages for willful trademark infringement. D) was liable to Bourjois for trademark infringement.