Payroll Cash is a(n):
a. revenue
b. liability
c. asset
d. expense
C
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In one sentence, what does updating a master file record involve?
Gladstone Co. has expected sales of $326,000 for the upcoming month and its monthly break even sales are $300,000. What is the margin of safety as a percent of sales, rounded to the nearest whole percent?
A. 8%. B. 92%. C. 52%. D. 108%. E. 9%.
Steve owns 64% and Mark owns 36% of a partnership business. They purchase equipment with a suggested value of $9600. The current market value of the equipment at the time of purchase was $9100. At the time of the balance sheet preparation, depreciation of $160 was recorded. Based on the information provided, which of the following is TRUE of the partnership?
A) The Equipment account will be debited at $9100 on the date of purchase. B) The Equipment account will be debited at $8940 on the date of purchase. C) The Equipment account will be debited at $9600 on the date of purchase. D) The Equipment account will be debited at $9440 on the date of purchase.
When writing a resume, which of the following is not a mandatory component?
A) E-mail address. B) Contact information. C) Career objectives. D) None of the above.