A primary reason for requiring a surety is to reduce the creditor's risk of loss
a. True
b. False
Indicate whether the statement is true or false
True
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The Supplies account balance at the beginning of the period was $6,600 . Supplies totaling $12,825 were purchased during the period and debited to Supplies . A physical count shows $3,825 of Supplies at the end of the period. The proper journal entry at the end of the period
a. debits Supplies and credits Supplies Expense for $9,000. b. debits Supplies Expense and credits Supplies for $12,825. c. debits Supplies and credits Supplies Expense for $15,600. d. debits Supplies Expense and credits Supplies for $15,600. e. None of these choices are correct.
The efficiency variance computed on a three-variance approach is
a. equal to the efficiency variance computed on the four-variance approach. b. equal to the variable overhead spending variance plus the efficiency variance computed on the four-variance approach. c. computed as the difference between applied variable overhead and actual variable overhead. d. computed as actual variable overhead minus the flexible budget for variable overhead based on actual hours worked.
Which of the following situations is best suited for the use of personal selling as a promotional
tool? A) situations requiring an improvement in the company's perceived reputation B) situations in which brand perceptions are based on thought leadership C) situations involving sale of expensive complex products D) situations requiring a short-term boost in sales
Which one of the following is an example of Max Weber’s traditional authority?
a. Prince Charles, because he is next in line to the throne b. 50 Cent because he sells millions of records c. Carson from Queer Eye for the Straight Guy d. All of the above?