Which of the following statements about Millennials is not true?
A. Millennials are more likely to have read a book in the past 12 months than older adults.
B. Millennials overwhelmingly prefer e-books to printed books.
C. Millennials watch 100 to 130 hours of regular cable TV per month, about the same as older adults.
D. Millennials are nearly twice as likely as older adults to use streaming services such as Netflix, Hulu, and Amazon.
Answer: B
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On November 1, 2018, A & C Janitorial Supply sold merchandise on account with a cost of $4,200 for $6,000 and payment terms of 3/10, n/30. The company uses the gross method and a perpetual inventory system. Prepare the journal entries for this transaction. Omit explanations.
What will be an ideal response?
A tariff-rate quota
a. tends to result in a revenue effect. b. displays either tariff-like or quota-like characteristics c. is a single-tier tariff. d. is applied for many years continuously.
A purchase requisition authorizes the storekeeper to release materials to individuals or work centers in the production process
Indicate whether the statement is true or false
Which of the following is a limitation to the Net Worth Method?
a. It only includes assets and liabilities that can be discovered. b. The resulting amounts presented in court are usually lower than the actual theft amount. c. The Net Worth Method only gives an estimate of Net Worth increases or decreases. d. When presented with the Net Worth amount(s), suspects sometimes confess.