Depreciation is a(n) ________.

A. fixed operating cost
B. variable cost
C. flexible cost
D. administrative cost


Answer: A

Business

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Givenchy and Christian Dior's Dune fragrance are two of the luxury perfume brands that are sometimes diverted from authorized channels for sale at mass-retail outlets. This practice is referred to as:

A) barter. B) switch trading. C) gray market. D) offset. E) dumping.

Business

Which of the following often follows a well-known distribution, such as the normal, t, or chi-square distribution?

A) test statistic B) level of significance C) critical value D) z-test E) incidence of difference

Business

Chase Company has 10 employees, who earn a total of $1,800 in salaries each working day. They are paid on Monday for the five-day workweek ending on the previous Friday. Assume that year ended on December 31, which is a Wednesday, and all employees will be paid salaries for five full days on the following Monday. The adjusting entry needed on December 31 is:

A. Debit Salaries Expense, $5,400; credit Salaries Payable, $5,400. B. Debit Salaries Payable, $5,400; credit Salaries Expense, $5,400. C. Debit Salaries Expense, $3,600; credit Salaries Payable, $3,600. D. Debit Salaries Expense, $9,000; credit Salaries Payable, $9,000. E. Debit Salaries Expense, $5,400; credit Cash, $5,400.

Business

In 2012 which nation had the highest brand ranking?

a. France b. Germany c. United Kingdom d. United States

Business