In blogging, a trackback is a list of entries in other blogs that refer to a post in the first blog
Indicate whether the statement is true or false
TRUE
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On October 1, Vista View Company rented warehouse space to a tenant for $2600 per month and received $13,000 for five months' rent in advance on that date, with the lease beginning immediately. The cash receipt was credited to the Unearned Rent account. The company's annual accounting period ends on December 31. The Unearned Rent account balance at the end of December, after adjustment, should be:
A. $10,400. B. $5200. C. $2600. D. $13,000. E. $7800.
Which of the following countries has the fastest projected population growth between 2013 and 2025?
A. Canada B. United Kingdom C. Ethiopia D. United States E. Germany
Answer the following statement(s) true (T) or false (F)
1. Presenting carefully thought-out financial projections to investors is an exercise in lowering perceived risk in both you as an entrepreneur and your idea. 2. Shari discussed her income statement with you and described her report as reporting what the company owes, what it owns, and her shareholder stake at the last day of the prior month. This statement is an income statement. 3. Bill’s business has sales of $100,000, inventory of $20,000, cost of goods sold of $31,000, and general and administrative expenses of $45,000. Bill’s gross profit is $69,000. 4. Bill’s business has sales of $100,000, inventory of $20,000, cost of goods sold of $31,000, and general and administrative expenses of $45,000. Bill’s operating profit is $4,000. 5. Bill’s business has sales of $100,000, inventory of $20,000, cost of goods sold of $31,000, and general and administrative expenses of $45,000. Bill’s gross profit is $80,000.
Which of the following represents the relationship between functional areas in a business?
A. interdependent B. autonomous C. self-sufficient D. independent