Australian unions have traditionally been:
A. Industry unions
B. General unions
C. Political unions
D. Craft or occupational unions
D. Craft or occupational unions
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Ted Catering received $840 cash in advance from a customer for catering services to be provided in three months. Determine the general journal entry that Ted Catering will make to record the cash receipt. Assume the company's policy is to initially record prepaid and unearned items in balance sheet accounts.
A.
| Cash | 840? | |
| Accounts Receivable | 840? |
B.
| Accounts Receivable | 840? | |
| Catering Revenue | 840? |
C.
| Unearned Catering Revenue | 840? | |
| Catering Revenue | 840? |
D.
| Cash | 840? | |
| Catering Revenue | 840? |
E.
| Cash | 840? | |
| Unearned Catering Revenue | 840? |
A voucher system is a set of procedures and approvals designed to control cash payments and the acceptance of liabilities.
Answer the following statement true (T) or false (F)
To perform break-even analysis, all of the following are needed except?
a. Expected level of production needed, based on forecasted sales b. Projected fixed and variable costs for each option c. Product quality value d. Expected sales price of the new product or service
Wages in developing markets can be volatile and spike dramatically. The United States can be ________ on a wage basis if its average wages decline.
A. more competitive B. more risky C. less competitive D. more volatile