If a column name is entered in lower case in the SELECT statement, the data for the column will be displayed in lower case in the results
a. True
b. False
Indicate whether the statement is true or false
False
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Spacely Sprockets' sales budget shows the following expected total sales:MonthSalesJanuary$30,000February$40,000March$35,000April$30,000The company expects 80% of its sales to be on account (credit sales). Credit sales are collected as follows: 30% in the month of sale, 68% in the month following the sale with the remainder being uncollectible and written off in the month following the sale.Required:a) Calculate budgeted accounts receivable at the end of each month from February through April.b) Calculate budgeted cash inflows from collection of receivables for each month from February through April.
What will be an ideal response?
Although hospitality organizations are reluctant to do so, firing guests may become necessary when ______.
a. They demand too much personalized service. b. The guest experience is beyond their information-processing capabilities. c. They endanger employees. d. They complain about the selection of items.
The first step in the accounting record-keeping process is:
a. recording each transaction in a file or other record in the form of a journal entry. b. posting the amounts from the journal entries to individual balance sheet and income statement accounts in a general ledger. c. making adjusting journal entries to the accounts to correct errors and to reflect the financial statement impacts of items that occur because of usage or the passage of time. d. preparing the income statement for the period from amounts in the income statement accounts. e. preparing the balance sheet from amounts in the balance sheet accounts.
For a corporation, direct investment from owners occurs when:
A. it sells newly issued stock. B. its earnings are used for debt financing. C. it issues commercial paper. D. it pays dividend to its debenture holders.