Identify the journal entry used to record the payment of net pay to employees
a. Dr. Wages Payable; Cr. Wages Expense
b. Dr. Wages Expense; Cr. Cash
c. Dr. Cash; Cr. Wages Expense
d. Dr. Wages Payable; Cr. Cash
d
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A decrease in prepaid expenses of $8,000 for the year:
A. increases cash flow from operating activities by $8,000. B. decreases cash flow from operating activities by $16,000. C. decreases cash flow from operating activities by $8,000. D. increases cash flow from operating activities by $16,000.
Traditional contract law is basically designed to protect bargains that people make and that satisfy all the legal requirements for a binding contract.
Answer the following statement true (T) or false (F)
Where is a good place for the bottom line in e-mail?
a. at the bottom (or end) of the document b. near the bottom of the document c. in the subject line d. none of the above
A company needs financial objectives
A. to indicate to employees that financial objectives always take precedence over strategic objectives. B. to translate the company's business model into action items. C. because without adequate profitability and financial strength, the company's ultimate survival is jeopardized. D. to overtake key competitors on such important measures as net profit margins and return on investment. E. to convince shareholders that top management is acting in their interests.