An executor's written promise to pay a deceased person's debts out of personal funds is valid
Indicate whether the statement is true or false
T
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Use this information pertaining to the Alvino Corporation to answer the following question. 1 . The corporation's Store Supplies account showed a beginning debit balance of $200 and supplies purchased of $800 . There were $300 of supplies on hand at year end. 2 . Depreciation on a building is estimated to be $5,000. 3 . A one-year insurance policy was purchased for $2,000 . Three months have
passed since the purchase. 4 . Accrued interest on a note receivable amounted to $100. 5 . The company received a $3,600 advance payment during the year on services to be performed. By the end of the year, one-fourth of the services had been performed. The adjusting entry for the insurance policy is a. Prepaid Insurance 500 Insurance Expense 500 b. Insurance Expense 1,500 Prepaid Insurance 1,500 c. Prepaid Insurance 1,500 Insurance Expense 1,500 d. Insurance Expense 500 Prepaid Insurance 500
Reliability, in the context of a service industry, refers to ______.
A. promptness B. price C. packaging D. compliance
When examining culture as shared values, the individualism/collectivism dimension describes
A. the extent to which the society is organized around individuals or the group. B. the extent to which cultures hold values that were traditionally perceived as masculine or feminine. C. the extent to which a culture programs its members to feel either uncomfortable or comfortable in unstructured situations. D. the extent to which the less powerful members of organizations and institutions accept and expect that power is distributed unequally.
A professional investor who invests for large groups or organizatins such as pension funds or mutual funds is called a/n __________ investor.
a. wholesale b. assets c. broker d. institutional e. track