Questions in Business

Bonds payable are usually classified on the balance sheet as

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Which of the following is a typical current liability? a. Bonds payable b. Sales taxes payable c. All of these are typically current liabilities d. Maturities of notes payable due …

The entry to close the expense accounts normally includes a

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Prepare journal entries to close the balances in temporary revenue and expense accounts. Remember to consider the entry for shrinkage from QS 5-9. (The solution from QS 5-9 is required …

In the abc analysis of inventory the a group items

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In the context of ABC inventory analysis, which of the following statements is true of class A items? a. They are best managed by automated computer systems. b. They account …

A benefit of the corporate form of business is the

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A disadvantage of the corporate form of organization is that corporate stockholders are more exposed to personal liabilities in the event of bankruptcy than are investors in a typical partnership. …

The market demand curve in a perfectly competitive market is

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Indicate whether each of the statements below about a perfectly competitive market is true or false. a. In general, the market demand curve in a perfectly competitive market is perfectly …

Who answers the three economic questions in a mixed economy

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In a mixed economy who answers the three economic questions - consumers - the government - producers - both A and B

The building blocks of financial statement analysis do not include

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For each ratio, select the building block of financial statement analysis to which it best relates.

A monopolistically competitive market has characteristics that are similar to

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A monopolistically competitive market has characteristics that are similar to:a. a monopoly only.b. a competitive firm only.c. both a monopoly and a competitive firm.d. neither a monopoly nor a competitive …

The direct write off method of accounting for uncollectible accounts

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The Lowery Co. uses the direct write-off method of accounting for uncollectible accounts receivable. Lowery has a customer whose accounts receivable balance has been determined to likely be uncollectible. The …

Chart of accounts for a merchandising business vs service business

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A chart of accounts for a merchandising business a.usually is standardized by the FASB for all merchandising businesses b.usually is the same as the chart of accounts for a service …

A manager of an investment center can improve roi by

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ROI and Residual Income The following investment opportunities are available to an investment center manager: Project Initial Investment Annual Earnings A $ 800,000 $ 90,000 B 100,000 20,000 C 300,000 …

Ways through which sales and operations planning can be integrated

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Summarize the ways through which sales and operations planning can be integrated. Then, extend your findings to additional supply chain management processes that you feel could be better integrated. Which …

Which of the following is a win win strategy quizlet

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Which of the following is a win-win strategy? Group of answer choices a. Avoid arguments that might lead to anger and hurt feelings. b. Know what you are willing to …

The highest level of the corporate social responsibility pyramid is

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Which level of the pyramid of global corporate social responsibility and performance represents acompany's efforts to be a good global corporate citizen, such as supporting community programs? 79) ______ A) …

What are the numbers on the bottom of a check

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What are the numbers at the bottom of the check used for? These are the transaction numbers. These are the check numbers. These are identification numbers used to identify the …

Which of the following accounts has a normal debit balance

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Which accounts have a normal credit balance? choose all answers that are correct A) Supplies B) Accounts Payable C) Cash D) Insurance E) Capital F) Sales

The major difference between a salary and a wage is

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Describe the differences between a wage, a salary, and a commission.

What is the primary responsibility of the federal reserve bank

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Which of the following is a primary responsibility of the Federal Reserve Bank? APrint money BCollect taxes CWrite monetary laws DEstablish monetary policy

What is the role of prices in a market economy

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What is the role of prices in a market economy? a Indicating the cost of a good. b Indicating how valuable a good is. c Indicating the profit that a …

Identify the advantages and disadvantages of owning a sole proprietorship

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Advantages and disadvantages of sole proprietorship

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