The micropayment model where up-front payments are made to a debit account, and then purchases are deducted as they are made is

A) aggregation.
B) stored value.
C) subscriptions.
D) direct payment.


B

Business

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Marlin Company has all of the special journals that were described in your text (other than the voucher register) as a part of its accounting system. Which of the following journal entries would therefore be recorded in Marlin's general journal?

A) an entry to record the sale of merchandise on credit B) an entry to record the purchase of merchandise on credit C) an entry to record the return of defective purchased merchandise for credit D) an entry to record a cash purchase of merchandise

Business

Operating budgets for the DiP Company reveal the following information: net sales, $400,000; beginning materials inventory, $23,000; materials purchased, $185,000; beginning work in process inventory, $64,700; beginning finished goods inventory, $21,600; direct labor costs, $34,000; overhead applied, $67,000; ending work in process inventory, $61,200; ending materials inventory, $18,700; and

ending finished goods inventory, $16,300. Compute DiP Company's budgeted gross margin. A) $299,800 B) $293,800 C) $150,900 D) $100,900

Business

"Risk aversion" implies that investors require higher expected returns on riskier than on less risky securities.

Answer the following statement true (T) or false (F)

Business

Which is true concerning the format for electronic résumés?

a. Some employers prefer that you send your résumé as an inline document rather than an attachment. b. Unless a certain software format is specified, it's best to send the document as a plain test version. c. You should send yourself and a couple of friends a copy of the résumé to see if it looks correct on different computers. d. All are true.

Business