What would be the effect on the accounting equation of the following transaction? J. Thigpen invested equipment in her personal fitness business
a. Increase Cash
b. Increase Equipment
c. Decrease J. Thigpen, Capital
d. Decrease Cash
b
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Which one of the following is not a factor that limits the service life of an asset?
A) operational use B) replacement value C) deterioration as a function of time D) obsolescence
Sashes Inc. is a partnership firm dealing in the manufacture of casual clothes. Rahul, one of the partners of Sashes Inc., thinks that they should clear the old stock during Thanksgiving. For this purpose, Rahul ________.
A. requires unanimous agreement of the general partners only B. has the express authority to act C. requires his decision to be ratified by any two general partners D. requires unanimous agreement of all the partners
Which of the following statements regarding behavioral research is true?
a. It is a normative approach. b. The main concern of this type of research is how users of accounting information make decisions and what information they need. c. Many studies have shown that there are no discrepancies between normative decision models and the actual decision process of users. d. Since behavioral research is positive in approach, it is impossible to reach a conclusion regarding whether or not the usage of accounting data for decision-making purposes could be improved upon.
Cross-docking ______.
A. can reduce handling and storage costs B. reduces cycle times C. increases requirements for intermediate storage D. reduces sustainability