Which of the following is the appropriate journal entry if a company purchases equipment costing $100,000 by paying cash of $10,000? Hopes to create harmony among accounting practices of different countries. \text{Supplies}&30,000&35,000 \text{Accounts receivable}&800,000&960,000\\ A __________ is something that an organization does extremely well and may give a company an advantage over its competition. They would then ____. Which of the following is NOT an example of sexual or gender harassment in the workplace? How many megabytes are 254 Explain. Finally, a misconception about human trafficking victims is that they can escape, but choose not to. | Energy (BTU) | 3,000 | 2,850 |. Physical C. Insatiable D. Tangible, Which best defines utility? Which accounting principle would prescribe that Maximum Experience record the building on its records at $500,000? Which of the following statements is correct regarding the predictability of analytical procedures in a financial statement audit? The system is expected to generate net cash flows of$13,000 per year for the next 35 years. Jennifer is a programmer who develops malware and deploys it in the computer systems of her organization's competitors so that she can secretly steal data about new product plans and designs, thus gaining a competitive advantage for her organization. A. When is this amount removed from the companys balance sheet. \text{Retained earnings}&?&?\\ and "What is our core competency?" c. aims to uncover insights that will influence organizational decisions. When the right combination of circumstances occurs at the right time to allow an organization to take action toward a target market, the firm is faced with a, In response to the increase in demand for organic foods, Wegmans, Inc., a regional supermarket, recently created organic food departments within their large stores. A) every six years. There's basically two types of communication: high-context communication and low-context communication. There are many advantages of LGBTQ officers serving as liaisons, one of the biggest being that it encourages young LGBTQ members that it is possible for them to follow their dreams and be a part of any career they want to, which could encourage more LGBTQ people to be recruited to law enforcement. This is known as big data's _____. During the load phase of the ETL process, _____. The income statement reports all of the following except: Rent expense that is paid with cash appears on which of the following statements? He is engaged in _____. Which of the following is a universally accepted measure of profitability? It assumes that all resources are static and incapable of shifting. In a denial-of-service (DDoS) attack, the perpetrator ____. c. It may expand his career possibilities. For example, if one was to assume that all terrorists came from a religious affiliation such as Islam, which is heavily observed in countries such as Pakistan, Indonesia, and Bangladesh, then you would be writing off a group of people and putting them into a category of "foreign terrorists". Early 5G users should be aware that their coverage may be limited compared with 4G coverage, at least initially. The value of the assets stolen or damaged due to the cyberattack is considered _____. The employees of Zingerman's Deli are its ______ customers. in population doubles the demand for both products A disadvantage of organizing a firm's marketing unit by products is that, A firm that markets diverse products would most likely base the organization of its marketing department on, Procter & Gamble, like many firms in the consumer packaged-goods industry, is organized by. Following a bumpy launch week that saw frequent server trouble and bloated player queues, Blizzard has announced that over 25 million Overwatch 2 players have logged on in its first 10 days. B. reconsider your decision to borrow money. B. Viscount Company collected $42,000 cash on its accounts receivable. \text{(b) July-December 2014} & \text{\$ 13.950.000} & \text{174} & \text{20} & \text{505}\\ Which of the following statements is incorrect? George is in charge of ordering supplies for his employer, and he usually buys these supplies from the same vendors. The comparison of activity measures of different companies is complicated by the fact that: If a firm's payment terms for sales made on account to its customers were 2/10, n30, the. A. Earns net income by buying and selling merchandise. All marketing mix decisions must have two characteristics: ___________ and ___________. B. Amirante incurred costs of$300,000 in manufacturing the machine and $14,000 in legal fees directly related to the signing of the lease. "An increase in the money supply is more likely to cause supply-side inflation than demand-side inflation." An important element in the effective application of analytical procedures is the development by the auditor of relevant expectations regarding the client's financial statements. **Which of the following statements is true? To what do some observers attribute the early departure of females from gang membership? . Chapter 4 Social Studies Quiz (Gambrel) 36 terms. Accounts Receivable. Includes a general partner with unlimited liability. A financial statement providing information that helps users understand a company's financial status and lists the types and amounts of assets, liabilities, and equity as of a specific date is called a(n): The financial statement that describes where a company's cash came from and how it was spent during the period is the: The financial statement that shows beginning and ending retained earnings balances and the effects of net income (loss) and a dividend for the period is the: Cash investments by owners in exchange for stock are listed on which of the following statements? That cover less than one year, usually spanning one, three, or six-month periods. T or F. A(n) ________ dimension is a core characteristic with which a person is born that remains with the individual in all stages of his or her life. A reduction in price below the list price, D. The document a buyer issues to inform the seller of a debit made to the seller's account in the buyer's records. C. A complete record of each transaction in the place from which transaction amounts are posted to the ledger accounts. The normal selling price of the machine is $495,678, and its guaranteed residual value at the end of the non-cancelable lease term is estimated to be$15,000. On December 31, 20X1, all cash was used to reduce accounts payable. The company requires an 8% return on its investments. D. Assets that represent prepayments of future expenses. are answered in the firm's, A firm's unique symbols, personalities, and philosophies comprise its, Resource deployment and coordination of functional areas of business are determined by. Billie Jean doesn't need to consider her information system strategic plan when she chooses projects to assign to the contractors she is supervising. One reason AT&T and Verizon have plans to expand their 5G networks is that _____. T or F, Language barriers can lead to serious problems for those who cannot speak English. d. What happens to total consumer spending on each 82-140 Chapter 2 The accounting principle that requires revenue to be reported when earned is the: C. Affect both income statement and balance sheet accounts. Jan is using her firm's data warehouse. Which of the following is NOT a traditional characteristic verbal or nonverbal aspect of Native American communication? Now George can check whether this vendor has items in stock without contacting a salesperson by using _____. Which of the following is NOT one of the states that has seen the fastest growth of Hispanics? d) develop an adequate marketing C. Liabilities created when a customer pays in advance for products or services before the revenue is earned. d. more cell towers will need to be installed. \text{Accounts payable}&\$310,000&\$400,000\\ Amirante Inc. manufactures an X-ray machine with an estimated life of 12 years and leases it to Chambers Medical Center for a period of 10 years. Ryan is involved in ___________. The process of transferring general journal information to the ledger is: A column in journal and ledger accounts used to cross reference journal and ledger entries is the: The record in which business transactions are first recorded is the: What is another name for the general journal? The utilization of economic resources by Explain your answer. **Which of the following statements is incorrect? Douglas McGregor observed management's view of workers from two perspectives. A high-level IS manager has his firm utilize sophisticated information systems to digitally design its products so that design defects can be detected and removed early in the process, reducing development cost. \text{Master-budget capacity for each half year}\\ b. a data processing component and a distributed file system. Recognizes that a customer returned merchandise and/or received an allowance. Expiration of prepaid rent, $700. In the following situation, determine if it involves a **positive** or **negative externality**. A record containing all accounts (with amounts) for a business. Which accounting principle would require Myers Legal Services to record the legal fees revenue in 2014 and not 2013? The Adjustments columns contain entries for the following: Office supplies used during the period, $1,200. T or F. (Two-word answer) ________ is the transportation of persons for sexual exploitation, forced labor, or other illegal or criminal activities. True b. Fourthly, victims do not have the freedom of movement. It is based on a typical sample of 5,000 U.S. households. 2. A 10-column spreadsheet used to draft a company's unadjusted trial balance, adjusting entries, adjusted trial balance, and financial statements and which is an optional tool in the accounting process is a(n): **The alternative method of accounting for prepayments. A well-designed series of rules or algorithms is a key component of which stage of the ETL process? The credit terms 2/10, n/30 are interpreted as: A. Jones Hardware, Inc. paid a cash dividend of $6,000. Marshall's company currently maintains their data on in-house servers, but his supervisor has asked him to research their options for having some or all of it hosted by a cloud service provider. What are some of the recruitment strategies for diverse candidates? $$ b. The statement of cash flows reports on cash flows for: The statement of cash flows reports information on: B. D. assessing the adequacy of the 3. Source documents include all of the following except: B. The Adjustments columns show expired insurance of $200. For example, in Japanese culture facial expressions can say a lot about what the person is saying or how they are feeling, and that is why face-to-face communication is preferred. In order to keep the company operating as a single entity, the CEO has created an intra-company information exchange similar to Facebook, he has a weekly newsletter posted on-line for employees, and takes input for improvements or problem solutions from any employee wherever they are located and whatever their position is. What theory is this? The position of a _____ is a non-technical position responsible for defining and implementing consistent principles for setting data standards and data definitions that apply across all the databases in an organization. A customer in a crowded restaurant decides to light a cigarette immediately after finishing her dinner. \text{Average selling price per book} & \text{\$ 21}\\ Another is that once more LGBTQ are part of law enforcement, police will hopefully be able to start treating them more "normal" and they will be added to the team with less to no stigma. B. In the contemporary view of information systems, they are considered an integral part of the supply chain management process mainly because they: _________. B) processes data into reports and communicates the data to decision makers. Hadoop processes data using a Java-based system called _____. All ledger accounts with balances, none of which can be temporary accounts. Barry's job responsibilities include helping maintain a large database that holds business information from over a dozen source systems, covering all aspects of his company's processes, products, and customers. Reports how retained earnings changes over a period of time. The organization that attempts to create more harmony among the accounting practices of different countries by identifying preferred practices and encouraging their worldwide acceptance is the: The private board that currently has the authority to establish U.S. generally accepted accounting principles is the: Which of the following statements best describes the relationship of U.S. GAAP and IFRS? Why might Bank Management find the flexible-budget-based variance analysis more informative than the static-budget-based variance analysis? What is the opportunity component of the fraud triangle? That records the effects of transactions and other events in at least two accounts with equal debits and credits. The underlying cause for a person to act in a particular manner may be referred to as a_______, Frederick W. Taylor used scientific management as a means to improve__________. Bank Management develops its flexible budget on the basis of budgeted per-output-unit revenue and per-output-unit variable costs without detailed analysis of budgeted inputs. Study with Quizlet and memorize flashcards containing terms like Which of the following is true regarding when an offeree may reject an offer? Barry works with a(n) _____. What are the risk factors that make young people vulnerable to gang membership? During the modeling phase of the CRISP-DM method, the team conducting the data mining project ______. Which of the following is the primary purpose of accounting? 3. T or F. What are some examples of respect towards Islam (in area like a Mosque or during Ramadan) that law enforcement personnel can convey to Muslims and their religious practices? a. interorganizational information system. **The periodic expense created by allocating the cost of plant and equipment to the periods in which they are used, representing the expense of using the assets, is called: **Throughout an accounting period, the fees for legal services paid in advance by clients are recorded in an account called Unearned Legal Fees. . a. It will "sell" its product to Castle Lager at $47 per barrel. D. They appear on the statement of retained earnings. Which word or phrase below means "deeply embedded system of societal structure whereby people are organized according to how much status and power they have"? **Of the following errors, which one will cause the trial balance to be out of balance? How did this phrase come about and why does it NOT simply connote that "All Lives Matter?". \text{Fixed costs for the month} & \text{\$ 150.000}\\ In a traditional organization, marketing decisions are likely to be, A marketing unit can be organized according to functions, products, regions, and, Key factors in determining the best organizational structure for a marketing unit are the. Fixed manufacturing overhead cost variances are written off to cost of goods sold in the period in which they occur. Eboni is part of a workgroup conducting a security risk assessment at her firm and is currently helping to determine the impact of each threat they have identified, should it occur. A. Data scientists are a necessary component to ensure an organization's business intelligence and analytics efforts are effective because they _____. Donna is a member of a team trying to select the best type of database for a business problem. \text{Beginning inventory in barrels, 1-1-2014} & \text{0}\\ This puts people in a state of terror to leave, even if they have the means to leave and just walk away and find another job, they most likely will not because they are afraid of what the traffickers will do and what the governments will do as well. A. D. find a lender that charges a lower rate. Which of the following events would be recorded in the accounting records of Acme Car Wash? A motivational method in which the work is restructured to better match the worker could accomplish its goal by using work teams or establishing closer customer relationships. According to IFRS, comparative information on financial statements is: C. Required for the preceding period only. B. providing assurance that potential material misstatements will be identified. $$ 1. Resources owned or controlled by a company that are expected to yield benefits are: Increases in retained earnings from a company's earnings activities are: The difference between a company's assets and its liabilities is: Creditors' claims on the assets of a company are called: Decreases in retained earnings that represent costs of assets or services that are used to earn revenues are called: The description of the relation between a company's assets, liabilities, and equity, which is expressed as Assets = Liabilities + Equity, is known as the: C. Are the costs of assets or services used to earn revenues. A newly discovered entity or attribute can be added to a NoSQL database dynamically because _____. \begin{matrix} **Which of the following is the appropriate journal entry if a company performs a service and then bills the customer? Which statement about homeless people in the United States is NOT correct? As expectations on the part of the auditor become more precise: Which of the following would not be considered an analytical procedure? The term "minority" is problematic. The official position of the Biden regime as articulated by its chief press spokesperson is that political opposition is "a threat to The next period's beginning inventory. Which of the following accounts is a balance sheet account? Describe at least three examples of where one would expect to observe differences. Companies that share data with other organizations in a manner that conforms to rigidly defined industry standards are using a type of _____. The asset section of a classified balance sheet usually includes: A. The area of accounting aimed at serving the decision-making needs of internal users is: C. For accounting information to be useful, it must be trusted and therefore the result of ethical decisions. What were the objections made by opponents of the $$. There is a strong link among the elements of hierarchy, formality, and high-context communication. Some common myths and misconceptions around human trafficking are that the people being trafficked know what they are getting into. T or F, Affirmative action and consent decrees have been extremely successful in achieving parity in the hiring of women and individuals from ethnically diverse backgrounds. c. can rely on her familiarity with Internet technology. \text{(b) July-December 2014} & \text{\$ 13.950.000} & \text{174} & \text{20} & \text{505}\\ Indicate the answer that is NOT correct. With _____, the database is stored on a service provider's server and accessed by the client over a network, typically the Internet. Level of inherent risk. Which of the following is NOT a universal for all cultures? It assumes that the exporting country should be able to easily convert resources but the importing country should not be able to. To formulate a marketing strategy, one must, The strategic planning process begins with. A(n)________is used to measure an employee's contribution to the organization. A record of the increases and decreases in a specific asset, liability, equity, revenue, or expense is a(n): An account used to record the owners' investments in the business is called: The account used to record the transfers of assets from a business to its stockholders is: Which of the following statements is correct? Which of the following does not require an adjusting entry at year-end? Double-entry accounting is an accounting system: B. Another stereotype to combat is that all people who look "Hispanic" speak Spanish. What is the end-of-period adjusting entry to record the portion of those fees that have been earned? c. Which product experiences a larger change in Given P(2, -5), what are the coordinates of $r_{\left(90^{\circ}, 0\right)}(P)$? Which of the following formulas can be used to calculate the debt ratio? c. instructs the zombie computers to send simple access requests to target computers. Recent DNA research indicates that Native Americans came to North America in waves from: Which of the following can be considered an offensive term? Because they must deal with large quantities of data from so many different sources, IS employees at financial institutions may be at increased risk of failing to comply with government regulations designed to prevent money laundering, such as the _____. If a firm borrowed money on a six-month bank loan, the firm's working capital immediately. The estimated amount of the current years vacation pay is $42,000. C. enhancing the auditor's understanding of the client's business. 30 terms. One key characteristic of big data is that it is being generated at a rate of 2.5 quintillion bytes per day. Unearned revenue is reported on the financial statements as: Which of the following assets is not depreciated? An account linked with another account that has an opposite normal balance and that is subtracted from the balance of the related account is a(n): The total amount of depreciation recorded against an asset or group of assets during the entire time the asset or assets have been used in the day-to-day operations of the business: B. 3. T or F, The act intentional and unintentional of applying or incorporating personal, social, or organizational biases and/or stereotypes in decision-making, police actions, or the administration of justice is bias-based policing. Promises of future payment are called accounts payable. Elliot Aronson, Robin M. Akert, Samuel R. Sommers, Timothy D. Wilson. He would like to know if his organization is maintaining the manufacturing average of 3% increase in productivity per year? How might the IRS limit the flexibility of an absorption-costing company like Castle Lager attempting to minimize its taxable income? B. The current period's ending inventory is: A. \text{(a) January-June 2014} & \text{\$ 13.950.000} & \text{174} & \text{20} & \text{315}\\ The Adjusted Trials total is: A. Joan's organization has just set up a corporate intranet. d. drivers that set information system organizational strategy. How can he make his social media use safer? To reflect the risk associated with a company's debts. Which of the following is a need that, according to the authors, would be satisfied by employment? Which presents the given steps in the proper sequence, first to last? Round to the nearest cent. b. What is the name given to the working arrangement in which the employer permits two employees to work less than a full-time schedule but work at the same tasks? The underbanked represented 14% of U.S. households, or 18. 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