Mark Johnson's business card says he is a "Customer Service Representative" for OceanView Metal Industries-a wholesaler of standardized steel components used in construction. Mark answers customer questions about the firm's products and arranges for routine orders to be sent to the customer's construction site. It appears that Mark is primarily a(n)
A. technical specialist.
B. order taker.
C. customer.
D. order getter.
E. missionary salesperson.
Answer: B
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The journal entry a company records for the issuance of bonds when the contract rate is greater than the marketrate would be
a. debit Bonds Payable, credit Cash b. debit Cash and Discount on Bonds Payable, credit Bonds Payable c. debit Cash, credit Premium on Bonds Payable and Bonds Payable d. debit Cash, credit Bonds Payable
Compensation of workers per hour in the U.S. grew the fastest in the
A. long boom. B. economic liftoff period. C. Great Depression. D. reorganization period.
Earned but unrecorded revenues are recorded during the adjusting process with a credit to a revenue account and a debit to an expense account.
Answer the following statement true (T) or false (F)
If an individual only thinks in black and white (either total perfection or total failure), they are engaging in:
a. overgeneralization b. mental filter c. extreme thinking d. emotional reasoning