Data have to be encoded into some ________ form so that the data can be used by computer systems
A) secondary
B) tertiary
C) bipolar
D) binary
D
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Which of the following is true for retailing?
A) Manufacturers are not considered to be retailers as they are engaged in producing the product. B) Vending machines are considered to be retailing only if they are located within stores. C) Retailing deals only with goods; it does not include services. D) Selling from a consumer's home is direct selling, but not retailing. E) Wholesalers are only considered to be retailers if they are selling to final consumers.
Management accounting exists primarily for the benefit of people outside the company
Indicate whether the statement is true or false
A quality characteristic ______.
A. can be a variable or an attribute B. is always an independent variable C. is usually an ordinal value D. is not easily measured
Anthony Company sold Madison Company merchandise on account FOB shipping point, 2/10, net 30, for $20,000. Anthony prepaid the $300 shipping charge. Which of the following entries does Anthony make to record this sale?
A) Accounts Receivable-Madison, debit $20,000; Sales, credit $20,000 B) Accounts Receivable-Madison, debit $20,000; Sales, credit $20,000, andAccounts Receivable-Madison, debit $300; Cash, credit $300 C) Accounts Receivable-Madison, debit $20,500; Sales, credit $20,500 D) Accounts Receivable-Madison, debit $20,000; Sales, credit $20,000, andFreight Out, debit $300; Cash, credit $300