The following information should be used for questions 90-97.CashAccounts ReceivableOffice EquipmentOffice SuppliesAccounts PayableBrandon Phipps, CapitalBrandon Phipps, DrawingFees IncomeRent ExpenseSalaries ExpenseUtilities ExpenseFor each of the following transactions determine the accounts to be debited and credited.Received cash from credit customers
What will be an ideal response?
Debit Cash; credit Accounts Receivable
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Suppose you have a friend from India who is a lifelong vegetarian and who does not like McDonald's because the company sells hamburgers in many countries. Which of the following describes your friend?
A) "vegetarianism" represents a value, "dislike McDonald's" represents an attitude B) "vegetarianism" represents an attitude, "dislike McDonald's" represents a value C) "vegetarianism" and "dislike McDonald's" both represent an attitude D) "vegetarianism" represents a value, "dislike McDonald's" represents a belief E) "vegetarianism" and "dislike McDonald's" both represent values
In the context of SWOT analysis, which of the following best exemplifies a firm's external opportunity?
A. an increase in its brand equity B. an increase in its customers' disposable income C. an increase in its employee productivity D. an increase in its financial resources
A performance measure that assumes all production factors are operating perfectly is referred to as ____________________ capacity
Fill in the blank(s) with correct word
Staple Corp purchased supplies at a cost of $2,581 during the year. At December 31, supplies on hand are $1,492. Supplies expense for the year was $6,213. How much were supplies on hand at January 1?
A) $7,705 B) $8,794 C) $6,213 D) $5,124