What asset is generally most susceptible to theft?
What will be an ideal response?
Cash
Cash has universal value. A relatively small suitcase filled with high-denomination currency can represent significant value. Furthermore, the rightful owner of currency is difficult to prove. In most cases, possession constitutes ownership. As a result, cash is highly susceptible to theft and must be carefully protected. Cash is most susceptible to embezzlement when it is received or disbursed.
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Which of the following is a relative measure of the efficiency of a media vehicle relative to a firm's target market?
A) gross rating points (GRPs) B) opportunities to see (OTS) C) gross impressions D) cost per rating point (CPRP)
A company had revenues of $59,000 and expenses of $46,000 for the accounting period. Dividends of $6500 were paid in cash during the same period. Which of the following entries could not be a closing entry?
A. Debit Income Summary $59,000; credit Revenues $59,000. B. Debit Revenues $59,000; credit Income Summary $59,000. C. Debit Retained earnings $6500; credit Dividends $6500. D. Debit Income Summary $13,000; credit Retained earnings $13,000. E. Debit Income Summary $46,000; credit Expenses $46,000.
Henry was very excited to pick out his brand new pickup truck. While still trying to decide which one to choose, he ran out of time and had to leave for work. His sales representative, Ann, was eager to close the sale. Therefore, Ann decided to bring two trucks to his work that fit his main criteria. It was obvious to Henry which one he wanted to buy at that point. Why didn’t Henry notice the truck among the other trucks when he was at the dealership?
A. Henry did not value the truck at the dealership. B. We tend to perceive objects in terms of contrast. C. Henry did not recognize what he was looking for. D. He liked the extra attention that Ann gave him.
When it becomes necessary to produce small batches of customized parts or products without raising costs many companies use ______________________________ systems.
Fill in the blank(s) with the appropriate word(s).