Exchange Corporation collected $8,000 from one of its customers, the amount owed from the previous month. How does this affect the accounting equation for Exchange?
A) assets increase by $8,000; liabilities decrease by $8,000
B) assets increase by $8,000; assets decrease by $8,000
C) assets increase by $8,000; liabilities increase by $8,000
D) assets increase by $8,000; equity increases by $8,000
B
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A semicolon is used to separate independent clauses when the second clause begins with a conjunctive adverb such as "however" or "therefore."
Indicate whether the statement is true or false.
The Ramien Store held inventory items at the end of 2014 . Which items should Ramien include as part of its total inventory cost?
a. Freight incurred in shipping goods to customers. b. Annual income taxes paid for operations. c. Cost of storing inventory before it is sold. d. Cost of salaries of clerks that sell the inventory items.
The pricing objective of maximizing profits
a. has not been affected by other, more socially focused concerns. b. is to be implemented under any and all circumstances. c. has not always been considered the underlying objective of any pricing policy. d. must be considered when determining the price needed to increase market share.
Capable self-leaders are able to:
a. lead others when they posses relevant knowledge b. be led by others when it is others who possess the relevant expertise c. leading others and being led by others d. only leading themselves