Which of the following is an example of a dual distribution system?
A) Walmart locating in several countries
B) J.C. Penney's catalog and retail store sales
C) Avon's door-to-door distribution
D) Starbucks located inside a bookstore
E) a hotel providing guest privileges at a nearby health spa
B
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A company's financial records at the end of the year included the following amounts:Cash$70,000Accounts Receivable28,000Supplies4,000Accounts Payable10,000Notes Payable5,000Retained Earnings, beginning of year17,000Common Stock40,000Service Revenue53,000Wages Expense8,000Advertising Expense5,000Rent Expense10,000What is the amount of net income on the income statement for the year?
A. $88,000 B. $30,000 C. $47,000 D. $38,000
In the expenditure cycle, general ledger does not
a. post the journal voucher from the accounts payable department b. post the account summary from inventory control c. post the journal voucher from the purchasing department d. reconcile the inventory control account with the inventory subsidiary summary
________ is a type of construct validity that assesses the extent to which a measure does not correlate with other constructs from which it is supposed to differ
A) Convergent validity B) Discriminant validity C) Nomological validity D) Concurrent validity
Many companies motivate their salespeople by setting sales quotas
Indicate whether the statement is true or false