Which of the following accounts is NOT a nominal account?

A. Office Supplies
B. Rent Revenue
C. Salaries Expense
D. Moriah Paige, Drawing


Answer: A

Business

You might also like to view...

Which of the following is a factor considered when a customer is evaluated based on RFM formula?

A) the amount of time passed after the customer's last visit B) the product categories purchased by the customer C) the mode of payment used by the customer D) the location from which the customer has bought goods E) the type of feedback provided by the customer

Business

How does the degree of differentiation change over the life an organization?

a. Differentiation generally remains stable throughout the life of the organization b. As the number of employees increases, there is greater differentiation c. As an organization becomes more successful and profitable, there is a greater need to differentiate tasks d. As a workforce becomes more embedded and cross-trained, the degree of differentiation diminishes

Business

The management of Ro Corporation is investigating automating a process. Old equipment, with a current salvage value of $11,000, would be replaced by a new machine. The new machine would be purchased for $243,000 and would have a 9 year useful life and no salvage value. By automating the process, the company would save $69,000 per year in cash operating costs. The simple rate of return on the investment is closest to (Ignore income taxes.):

A. 17.3% B. 28.4% C. 11.1% D. 18.1%

Business

The most important task for the project manager is the task of organizing and creating an environment in which the individuals work as individuals rather than a project team

a. True b. False Indicate whether the statement is true or false

Business