Accounts that are closed include expenses, dividends, and unearned revenues.
Answer the following statement true (T) or false (F)
False
The temporary accounts (that is, revenue, expense, and dividends) are closed prior to the start of the next accounting cycle. Unearned Revenue, which is a liability account, is a permanent account; as such, it is not closed.
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For each of the following variances, state which manager is most likely to be responsible for the variance.
Eliminating a wholesaler from a marketing channel will
A. cut costs and lower prices. B. not eliminate the functions performed by that wholesaler. C. eliminate the functions performed by that wholesaler. D. lead to lower costs but higher prices. E. reduce channel conflict.
If Randell, vice president of marketing, is at the stage in his market research where he is gathering information about the problem from published data and from people who have experience with the problem, he is at which stage?
A. Defining the problem B. Gathering factual information C. Making a preliminary investigation D. Planning the research E. Interpreting information
An organization uses SAP financial management software to store accounting details and Microsoft CRM software to record customer transactions
Managers face problems when they have to make decisions based on both sets of data, as the data are stored on two different platforms. Such data are referred to as ________ data.A) nonintegrated B) dirty C) granular D) meta